Atlas Salt Inc REMRF

another hurdle jumped

[jazzlistener2]

was not much of a surprise the pea was approved. The share price seemed to have factored that in already. The next big and most important hurdle is how they are going to finance the mine. Whether they will do it to favour the shareholders or throw the shareholders under the bus is the million dollar question.  Until it becomes clear the big money will stay put and the trading volume low imo.

[Jethro980]

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???   

[sorrenson]

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 .  

[nedstar71]

Partnerships and to a small extent off take agreements should do much of the heavy lifting imo.  Not that a partnership isn't dilution mind you. If current shareholders come out with even 25% of the producing mine in the end it would still be a huge windfall.  Bank financing is quite possible AFTER a legitimate partner gets involved.  The bank isn't lending Atlas Salt much

[nedstar71]

Hmmm lots of fretting on the CEO.ca board about the lack of the actual EA published and conditions involved.  Understandable.  The market agrees, although there is little volume. As long as the conditions don't include anything requiring Atlas to adhere to its plan for the mine being almost all electric.  To me that would be the death knell, as while sure it's a nice dream