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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 sorrensonon May 31, 2024 10:21am
222 Views
Post# 36066178

RE:Get Real

RE:Get Real

"That's why financiers are actively speaking to the company and want to be involved."    

You cant be this delusional .    
But but but I read  on CEO , they say no  dilusion .   Hey maybe payday loans ? 


 

You actually believe someone will "loan " 400 million to a non revenue company 4 years min away from any production  and no payment for 4 years "   sure they will ...taking all the company

So why do they need shareholders.  If so easy management will go private at 70 cents  or a buck  , a mere  65 million and  keep it all themselves.  

To build this requires 400 million in the first two years, unless you think ATLAS is lying,  and you arent getting unsecured loans with no payments for 4 years  no matter how much you dream. 


Sorry you have to pay for candy

Even better is the clowns where the  company says 480 million to build, reinforced AGAIN just weeks ago  ..but we can cut it down to 100 million  or so hahahahahaha



BueBoy wrote: Sorrenson - "all this for 64 cents amazing what the market is missing"  

First sensible comment you have made.

This is not exploration, no 2000m shaft to drill, no toxic waste and it's located in a tier one juristiction. Just a factory scenario of dig and ship with no processing at the lowest industry cost and can be easily be upscaled. That's why financiers are actively speaking to the company and want to be involved. The ready market, low risk and high return means capex can largely be financed on debt and offtake.

As a bonus included are 27.5m shares in what will be a seriously valuable resource storage company which will in time be worth may times Atlas's current market cap and who are also actively putting their ducks in a row. 

Speak to the company, do deeper research, stop making yourself look foolish and you may even make yourself a few dollars. 



 

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