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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 ClownTownon Oct 28, 2023 11:42am
143 Views
Post# 35705651

RE:Not derisked, not by a long shot

RE:Not derisked, not by a long shotwrong. another clown that can't read a financial statement. they have 13+ million in the bank that covers all their operations, ea, permits etc all the way up to construction. once they get to building phase, then they will need cash which will not come from pp but from a bank, you know? the whole purpose of a BFS? its called a BANKABLE feasibility study for a reason.

management is paid by performance shares, they have no base salary. you think they're going to dilute themselves? laughable

this project is derisked on all major obstacles 
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