Atlas Salt TSXV:SALT OTC:REMRF

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3 months 1 week ago #126852 by lynnsa10
lynnsa10 replied the topic: Atlas Salt TSXV:SALT OTC:REMRF
I think everyone should watch this video. I loaded up on the SALT even though I try to avoid in the diet LOL

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3 months 1 week ago #126851 by Gambler
Gambler replied the topic: Atlas Salt TSXV:SALT OTC:REMRF
GB, great idea to start this, I bought a good position and think this is a pretty low risk play

Good snap shot with this
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3 months 1 week ago #126850 by GoldnBoy
GoldnBoy created the topic: Atlas Salt TSXV:SALT OTC:REMRF
Started this with a bit of info from Ron's newsletter

Atlas Salt has a unique project on the west coast of Newfoundland. Strategically located, the Great Atlantic Salt Project can serve significant North American demand and is uniquely positioned to capture market share from overseas countries with higher shipping costs.

It is a massive salt deposit near a major coastal port in NFLD with access to Eastern North America. It was already advanced privately and has a 880 million tonne 43-101 resource at 96.9% NaCI, using 95% cut off. The total resources is massive that varies in thickness between 200 and 250 meters. What is most important to understand is there is no risk with grade, metallurgy, strip ratios, processing and mining methods like mining other metals or materials. A processing plant is not required, you simply scoop material out of the deposit with a salt processor and ship to port. It is more like a salt factory than a mine.

Rowland Howe, President & Director is a chartered Engineer with an impressive background in the salt industry. He was with North American Salt since the beginning that later became Compass and went public in 2003. Rowland was Mine General Manager at Goderich in Ontario from 1995-2011 where he led the expansion of the operation to the largest and most productive salt mine in North America. Following this, he was Director of Strategic Projects for Compass Minerals (NYSE: CMP) through 2016. He is currently President of the Goderich Port Management Corporation.

Highlights:

Strong management team with lots of experience in salt and NFLD;

Salt deposit is close to sea port, greatly improving economics;

High grade deposit, at 96.9% NaCI;

Large resource with many decades of supply;

Location location, location – can offset oversea imports;

Feasibility started to move into production;

Planned spin out of their Fischell's Brook Salt dome (renewable energy storage).

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