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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Metals & Mining Industrial Metals & Minerals
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

Atlas Salt Inc > another hurdle jumped
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Comment by sorrensonon Apr 20, 2024 12:39am
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Post# 35999291

RE:RE:another hurdle jumped

RE:RE:another hurdle jumped No Dilution   .. Why not factor in the  fairy dust and unicorn poop  that you can sell  to pay for it .?  480 million might take some  viable dragon eggs too  but I am sure there is a nest on the site .



 
Jethro980 wrote:

2.5 million tons of salt per year at say $75.00 ton. $187.5 million gross revenue at profit based on Atlas Salt low cost operations of 40% or $75 mill per year. Based on these numbers stock should trade at around $7.00 per share. With a buy out of 9.00 range.   Obviously I am calculating for bank financing and not dilution. Thoughts???   



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