Vulcan Minerals Inc VULMF

Valuation...

[Redrum180]

Correct me if I'm wrong but I understand VUL owns a third of the shares in Atlas Salt.

The market cap of SALT is $60 million at today's depressed* price.  VUL has a market cap of $16,000,000 at today's market price, their interest in SALT is worth $20 million or about $0.15 per VUL share.  

Combined with their other prospects, my personal view is that this stock is undervalued.  

My opinion does not take into account any possible intrigue or management issues with either company; the stock seems to be selling at a discount.  What am I missing, if anything?  Comments welcome.

*"depressed" is my opinion only

[Reid101]

Vulcan also owns 10 % of triple point and a 3% net production Royaly . Triple point may very likely work with GH2 world energy to provide energy storage . The turbines are going to be built, final environmental government review must be completed by April 7 . The deal is signed with German to begin shipping.It will be a interesting season for VUL in my opinion 

[wreckhouse]

It will be a interesting season for VUL in my opinion  Makes a person wonder what is really going to happen with this company ! many irons in the fire with folks keeping their shares close . Vulcan with royalyties in Allas Salt , Triple point, Gander Gold , and the gypsum mine at the salt mine area and using the same port/dock . If Vulcan has  a good drilling season with their copper

[wreckhouse]

Further, five samples assayed greater than 200 ppm gold within anomalous clusters on the margins of the geophysical anomalies suggesting association with the Victoria Lake sedimentary country rock into which the Red Cross Lake Intrusion penetrated. The Red Cross Lake property is immediately adjacent to the Marathon Gold, now Calibre Mining Corp., claims where a multi million-ounce gold deposit is