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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 18, 2023 9:44am
160 Views
Post# 35545741

RE:RE:RE:RE:RE:RE:RE:RE:Excuse me...Who What When Where Why

RE:RE:RE:RE:RE:RE:RE:RE:Excuse me...Who What When Where WhyI agree. There seems to have been change in focus when new management were appointed last fall. My understanding is that it became apparent to management, based upon visits to Europe to meet with industry players, that the true value of the domes lays in operating developed domes. I agree with you on FFI and they would be the type of player that would know to remove the storage risk in a project this size would be crucial.

ATCM is trying to be the new Vortex...Lol :) Both are land area plays that likley have domes in some form. The big unknown is whether the domes are large enough to be econimically viable for these large-scale projects' multiple players or even an indiviual project proponent. Yes, Vortex has been aggressive in 'promoting' it's potential and I'm sure those sniffing around Atco are hoping for the same.

Getting the majority of $ out of VUL if SALT eventually sells may not be that risky. However, I'm sure VUL, if they are smart, would retain a portion of the proceeds for future operations. That's the cheapest equity management will ever find. However, I'm happy to just invest in Atlas, like you.
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