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Bullboard - Stock Discussion Forum 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... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Comments from Sonya Roberts - head of Cargill salt business
View:
Post by kilofinal7 on Jan 01, 2023 11:17pm

Comments from Sonya Roberts - head of Cargill salt business

Cargill had 3 salt mines in the USA - 

1. Avery salt mine which is now closed due to flooding. 2 people died
2. Cayuga salt mine in upper New York State ( I've shared the risks already in an earlir post) 
3. Salt mine under lake Erie (Cleveland)  that produces approx. 2M tones of salt a year. This mine also had flooding which resulted in the stoppage of mining years ago so they could stop the leaks -

https://www.news5cleveland.com/news/local-news/cleveland-metro/cleveland-salt-mine-attributes-salt-shortage-to-water-leak-winter-storms

What's interesting is the comments from the company's head of salt mining - 

 “Our supply chain is robust and we remain committed to investing in our other operations while continuing to grow our salt business.”

https://www.snowmagazineonline.com/news/cargill-salt-mine-avery-island-winter-snow-ice/
Comment by Liked2Think on Jan 02, 2023 10:34am
Pretty sure every ceo in any form of mining buisness says the same kinds of things.  kind of the most basic thing to say for a mining company Might mean something or might not why are so many trying to pump a specific buyer like they know for sure.   
Comment by Scionxb777 on Jan 03, 2023 8:35am
Because they missed the part where Rowland Howe said they are developing the mine. 
Comment by Zephyr on Jan 03, 2023 8:44am
If Atlas develops this mine something has gone really wrong in the first several months on 2023.
Comment by Scionxb777 on Jan 03, 2023 9:32am
You are dumb 
Comment by Zephyr on Jan 03, 2023 9:57am
Talking to yourself again? Time to up the meds.
Comment by kilofinal7 on Jan 03, 2023 9:53am
It won't get to that stage in my opinion. 
Comment by Zephyr on Jan 03, 2023 10:08am
Absolutely correct.
Comment by Laruch12 on Jan 03, 2023 2:30pm
Zephyr, please explain/elaborate on that comment. Thank you.
Comment by Zephyr on Jan 03, 2023 3:49pm
I assume you mean this comment? If Atlas develops this mine something has gone really wrong in the first several months on 2023. All I meant by that is that I'm fairly confident that the asset will be sold. Atlas may start the preliminary stages of development but I think someone will take it off their hands before things get too far along. If Atlas is the one to take this to full ...more  
Comment by Laruch12 on Jan 03, 2023 6:58pm
Thank you. I share your view. The big question is what figure maximizes shareholder value of course ! I am still adding here prior to release of the pea!and fs.
Comment by Laruch12 on Jan 03, 2023 2:32pm
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