Atlas Salt Inc V.SALT

SALT closed on Friday at $1.17 M shares.....

[lifegoeson]

It sure was a breath of fresh air on Friday for us that held our shares and/or added to them. There was a lot of concern since it was over 3 months without an update as the share price continued to decline from its high back in early February, the only thing we really knew about was that they drilled a hole to the salt bed top. Boy were we ever surprised on Friday to find out they had drilled a second hole in a different direction, thus expaning the resource significantly. Here are the key metrics from the Press Release.

Of significance, 1) further details to come from the 2 holes (I suspect they may be drilling other holes), 2) data collected suggests shallow resource, open in all directions, incline ramp implied, and Feasbility Assessement ongoing, 3) retained a North American company to manage the potential selling of the company in advance of the feasibility study.

I love Rowland's confidence, "Great Atlantic has extraordinary advantages, all the necessary components to become a state-of-the-art 'salt factory' and a disruptive asset in the heart of the eastern North America road salt market".

And let's not forget the Fischell's Brook spinou...!!!!

• The continuing drill program at Great Atlantic has extended the massive homogeneous high-grade salt deposit by approximately half a kilometre to the northeast and half a kilometre to the northwest through the first two significant stepout holes (CC-6 and CC-7), with further details to come.
• Geotechnical data continue to support the objective of accessing the large Great Atlantic deposit, unusually shallow by industry standards and still open in all directions, through an inclined ramp as a unique and highly efficient mining method among North American salt deposits, subject to final feasibility assessment.
• Atlas has retained a North American firm for special corporate advisory services, in advance of the completion of the feasibility study.

[Crunchy2chew]

Hey Lifegoeson, Yup its just the start. Just listen to the recient video did you catch that Rowland says in the beginning talking about the corp advisors. That "as we continue to explain the project there is great intrest in it and if that intrest transpires into something different we want to be well aware of the options we have as a board to ensure thay any decisions are approprate to

[lifegoeson]

Crunchy, everything is just the start until it is the end. Manage expectations accordingly, and everyone will be happy. As for timing, there are the optimists and pragmatists. I suspect there will be many ups and downs to come, as my dad said, "nothing ever goes straight up except for angels".

[Crunchy2chew]

Yea i agree there will be ups downd and unknowns in life. Many a curve ball has hit people squarely in the head. But from my research on the salt commerical markets and the industry combined with this mine.  Well I am expecting a home run this summer.