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Bullboard - Stock Discussion Forum 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... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > One Billion Tons?? Net Mineable Quantity?
View:
Post by Copperking102 on Jun 26, 2022 6:39am

One Billion Tons?? Net Mineable Quantity?

While  Billion tons is a lifetime supply, strikes me as a fair amount has to be left behind to support the underground structure.I wonder what that percentage is, and then how that affects the mines value?

Our rock salt mines are located underground, as deep as 1,800 feet below the surface. We extract salt from each mine in rectangular "room" sections, leaving behind vast “pillars” of salt to support the mine structure.

Comment by Scionxb777 on Jun 26, 2022 11:43am
You missed the last video the entire area is impregnated with salt 
Comment by twoponds on Jun 27, 2022 12:55am
You would be comparing apples to oranges as you're looking at Goderich mine's "structure" in your clip.  I don't know how many times I've stated on this site that stress factors at 1800' of overburden as compared to ~300'  in the Atlas mine are much, much different.  To simplify it, it would be like stressors experienced in deep sea diving, the ...more  
Comment by Crunchy2chew on Jun 27, 2022 8:45am
Trust Twoponds on this he knows mines.  and yup trudeau does indeed suck. 
Atlas Salt Inc
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