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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 general360on Mar 05, 2024 10:47am
148 Views
Post# 35915711

RE:RE:RE:RE:RE:RE:RE:RE:finally... next steps...

RE:RE:RE:RE:RE:RE:RE:RE:finally... next steps...
thanks for posting to the FS and supporting materials.  what you say does not take into account the offtakes.  i still maintain that offtakes can't be for so far in the future, 4+ years? no way.

I take "Production" to mean once we start selling.  not when they're at 1.6MT initially, with a ramp up to 2.5.  we know they're ramping up to 4, not 2.5, and certainly not operating at 2.5 for 34 years!

even if they make $1, that's revenue and PRODUCING. 
your argument makes no allowance for what they say they'll pull out of the ground and store for processing as soon as they hit the deposit.  that'll be EARLY in the process, once they start digging.

do you have anything to say about that?  offtakes and what they'll start selling IMMEDIATELY?  otherwise you keep defending what is currently written. and it's not written by the company, but a 3rd party.  The company keeps saying they'll try to shorten time/money.  it's not gonna be half the cost / time, but i'm optimistic it'll be quicker than what's in the reports.  but that doens't really matter if we're MAKING MONEY!!
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