Post by
Redrum180 on Dec 20, 2023 12:17pm
Sold -- Now Buying Again
Sold SALT at a small loss months ago, now dipping my toe back in around 20 cents less than my sale price.
The scope of this project is going to be daunting but the resource is real enough.
Money is tight but getting less so as interest rates seem headed lower. Whoever funds this project will have a pretty clear idea of its ultimate return (see the 1/30/23 NR re the PEA that was done.) The creation of this "core project team" is encouraging but I'm not buying my party hat and noise makers just yet.
Road salt will always be in demand and this project is truly environmentally friendly. Even if everyone drove an EV, the demand will be the same. I may pick up some Vulcan as well.
Conclusion: Dipping my toes in now; won't mind paying up for this if it starts rocking because there seems to be considerable upside.
This is not investment advice; it's me trying to talk myself into buying more!