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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Comment by DeputyDawgon Jan 11, 2023 12:17pm
158 Views
Post# 35216020

RE:RE:RE:Atlas Salt drills 333 m of salt at Great Atlantic

RE:RE:RE:Atlas Salt drills 333 m of salt at Great Atlantic
CanadaBck wrote:
SmallCapIntel wrote:

It honestly is pretty wild to think just how big this deposit it. This will become the cheapest and most profitable salt mine in North America once put into production. Now lets see that PEA later this month and try to begin to put a value to this thing

For whatever reason, the markets are not very impressed with these results. I'm guessing folks are looking for a bidding war.



Markets don't like missed targets. It's only a couple of weeks to wait, but then it's only a month since they gave it.

The market will be concerned they will miss the first half of 2023 for the FS too. I recall September last was the oringal date.  
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