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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

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 Zephyron Jul 13, 2023 9:09am
78 Views
Post# 35538934

RE:RE:management regurgitating the same news

RE:RE:management regurgitating the same newsAgree 100% DeputyDawg.

Pat is a lame duck now...'Dead Man Walking'.

I'm with you on the FS as well. I don't expect it to be a robust view of the project (say 10 mtpa like some hope). I expect 4 mtpa for the financial analysis as any increase would mean additional engineering & technical analysis of mine design, CAPEX, etc., but they may surprise me. However, there is so much upside above 4 mtpa that can be talked about by manangement when discussing the FS and the mine's potential even though it's not baked into the FS financial analysis. We need a competent CEO that reconizes this and can talk to it confidently. The last thing we need is someone like Pat rolling the FS out and then marketing it. I cringed when watching Pat's video interview for the PEA when it was released. He was completely out of his comfort zone.

Interesting times.
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