Vulcan Minerals, 10-Bagger Potenzial? (Seite 2)

[soulist]

Bevor das drüben auf CEO verschütt geht - Momente wie dieser gehören festgehalten

@Truth As of Mar 31st/23, they held:
Cash and cash equivalents 6,134,585
The company owns 28,891,000 shares of Atlas SALT
7,832,350 shares of Triple Point
1,000,000 common shares of Sassy plus a 3% net smelter royalty (NSR)
772,408 common shares of Gander Gold
850,000 common shares of Fjordland Exploration Inc. plus a 2% NSR
9,000,000 Options at 0.16 weighted average exercise price
1,800,000 stock options at $0.30 granted January 10, 2022
32,233,000 warrants at 0.22 weighted average exercise price with 22,500,000 issued at $0.30 on June 8th, 2021 expiring in December 2023. The rest are $0.10 wts, which @expos2return says are expiring August 26th (but I didn't notice that in my quick look through the financials).

Outstanding Shares as of May 30, 2023: 117,079,265
Warrants Exercised April 1, 2023 to May 30, 2023: 600,000
Options Granted April 1, 2023 to May 30, 2023: Nil
Options Expired April 1, 2023 to May 30, 2023: 1,600,000
Options Exercised April 1, 2023 to May 30, 2023: 25,000

Stock Options Outstanding and expiry date (from latest MD&A)
Jul 12, 2022 50,000 $0.35 Employee Nov 30, 2027
Jan 10, 2022 1,800,000 $0.30 Directors Options Jan 10, 2032
Jan 10, 2022 225,000 $0.30 Employee and Advisory Committee Options
Jan 10, 2027
Mar 9, 2021 2,700,000 $0.15 Directors Options Mar 9, 2026
Aug 26, 2020 700,000 $0.10 Directors Options Aug 26, 2025
Dec 30, 2019 700,000 $0.10 Directors Options Dec 30, 2024
Feb 17, 2016 1,200,000 $0.10 Directors Options Feb 17, 2026
Warrants and expiry date
Jun 22, 2021 19,153,000 $0.30 Share Purchase Warrants Dec 23, 2023
Aug 26, 2020 11,750,000 $0.10 Share Purchase Warrants Aug 26, 2023
Jan 31, 2019 530,000 $0.12 Share Purchase Warrants Jan 31, 2024

I see ceo.ca says VUL's share count is up to 119M, so that must mean 2M of the $0.10 wts have already been exercised. I guess we should expect another 8M or so in the next five weeks.
A few probably get sold to deal with the tax consequences, but it would seem to be foolish for anyone to be selling any they don't have to when $VUL trades at such a huge discount just to the $SALT shares they own, never mind all of the royalties, cash, and shares of other companies they own as well.
https://ceo.ca/vul?24a05e530b72

[Liliana2021]

News zur Machbarkeitsstudie / CEO bei Atlas Salt

https://atlassalt.com/atlas-salt-nears-feasibility-study-for…

St. John's, Neufundland und Labrador, 24. Juli 2023 - Atlas Salt (das "Unternehmen" oder "Atlas" - TSXV: SALT; OTCQB: REMRF; FSE: 9D00), Eigentümer von Nordamerikas erstem unerschlossenen Salzprojekt an der Westküste von Neufundland, freut sich, mitteilen zu können, dass es die unabhängige Machbarkeitsstudie für das Projekt Great Atlantic von SLR Consulting (Canada) Ltd. voraussichtlich bis Mitte August 2023 erhalten wird.

Herr Rowland Howe, President von Atlas, kommentierte: "Dies wird die erste Durchführbarkeitsstudie für ein Projekt wie dieses in Nordamerika seit vielen Jahren sein, was unterstreicht, wie einzigartig Great Atlantic ist. Mehr als 30 Jahre in diesem Geschäft haben mir gezeigt, dass es sich hier um eine äußerst vorteilhafte Anlage handelt, die das Potenzial hat, ein weltweit führendes hochgradiges Salzbergwerk des 21.

Jahrhunderts zu werden", fügte Howe hinzu. "Ich freue mich auch, dass wir bei der Suche nach einem CEO deutliche Fortschritte gemacht haben und im Vorfeld unserer Machbarkeitsstudie eine wichtige Ankündigung zu diesem Thema erwarten."

[Liliana2021]

Der Vul-Kurs wird von den ausbleibenden Atlas-Nachrichten (negativ) beeinflusst. Bei Atlas warten wir:

- auf den neuen CEO
- auf die FS
- auf TPR Nachrichten
- später dann auf ein erstes Übernahmeangebot bzw. eigene Anstrengungen, die Salz-Mine zu bauen

Gestern waren Stücke für 0,13 Euro zu haben. Hoffentlich ist der Boden jetzt gefunden

[soulist]

Antwort auf Beitrag Nr.: 73.211.392 von soulist am 02.02.23 09:12:40

Zitat von soulist: Near-Term Catalysts & Top 10 Reasons
9.) Triple Point/Fischell’s Brook Spinout
To unlock the value of Atlas’ Fischell’s Brook Salt Dome, and its potential to help drive the recently signed Canada-Germany Hydrogen Accord for the west coast of Newfoundland, Atlas in 2022 spun out Fischell’s Brook into Triple Point Resources which plans to list on a Canadian stock exchange. Atlas is Triple Point’s largest single investor with 27.5 million shares. Salt domes have multiple uses and are now being increasingly targeted for storing hydrogen safely and efficiently underground.

Da kann es jetzt ganz schnell gehen, wenn ich diese Meldung aus Texas sehe. In diesem Umfang hätte ich im Leben nicht damit gerechnet

February 23, 2023
By: Mike Boyd
Houston- Based Crestwood Equity Partners Sells Off Salt Cavern Storage Site
"Houston-based Crestwood Equity Partners and Brookfield Infrastructure entered into an agreement to sell the Tres Palacios Gas Storage facility for $335 million.
The storage facility is inside a SALT cavern in Matagorda County, Texas, just south of Houston..." 🙊🙊🙊
https://www.connectcre.com/stories/houston-based-crestwood-e…

[soulist]

Near-Term Catalysts & Top 10 Reasons

1.) Management
Atlas President Rowland Howe is known as “Mr. Salt” for an illustrious salt industry career that began at the Winsford mine in the UK and has spanned more than three decades. As mine manager at Goderich in southern Ontario between 1995 and 2011, Howe took production from 3.5 million tonnes per year to a record 7.5 million tonnes, solidifying Compass Minerals (NYSE: CMP) as the biggest and most profitable salt producer in the entire world. He has been President of Atlas since early 2021 and is also President of the Goderich Port Management Corporation.

2.) Top Tier Project in Pro-Resource Jurisdiction
Atlas’ 100%-owned Great Atlantic Salt Project is the premier undeveloped salt project in North America, supported by a NI-43-101 independent Preliminary Economic Assessment (PEA) released January 30, 2023. Pre-tax NPV(8) is $909 million (CDN) and the internal rate of return (IRR) is 22%, assuming a conservative base case production scenario of 2.5 million tonnes per year over only 30 years. The model allows for considerable scalability and high potential for generations of cash flow well beyond 30 years. Given the shallow, high-grade and homogeneous nature of this massive deposit, and its location immediately next to a deep-water port, Great Atlantic is a highly advantaged asset with strong potential to become the lowest cost producer in the heart of the robust eastern North America road salt market and the only mine accessed through inclined ramps vs. vertical shafts. Newfoundland is widely regarded as one of the world’s top mining jurisdictions.

3.) Hot Sector/Rising Salt Prices
Private equity has carried out $5.2 billion (U.S.) in acquisitions in the salt market since 2020. Security of supply has become a major issue as the North American road salt market relies heavily on imports from Chile and North Africa to meet annual demand that can reach or exceed 30 million tonnes per year. Sharply escalating overseas shipping costs due to inflationary pressures and supply chain bottlenecks are reinforcing the need for more North American supply, constrained by the fact that no new salt mines have been built in the U.S. or Canada in the last 25 years. Meanwhile, rock salt contract prices for the current winter season are up 15% to nearly $100 CDN per metric tonne.

4.) Substantially De-Risked Across Multiple Metrics
Salt mines are vastly different than traditional metal mines – they are predictable and can produce for generations through relatively straightforward mining. Salt itself is recession proof while Atlas has also been substantially de-risked across all other key metrics – management, geological, environmental, financial, jurisdiction, and share structure.

5.) Share Structure/Performance
SALT has only 92.6 million shares outstanding, dominated by strong retail investors, management and close associates, while strategic long-term investor Vulcan Minerals (TSXV: VUL) owns about 32% of the company. A warrant overhang in SALT was removed during 2022. SALT has been one of the top performing resource stocks in Canada over the past two years and Atlas was selected as a 2022 Venture 50™ winner.

6.) Financial Power
Atlas is in a strong financial position with approximately $18 million in cash and no debt, thanks to a series of increasingly higher-priced private placements with strategic investors since 2021, and the exercise of almost all of the company’s warrants. Atlas is also the largest shareholder in Triple Point Resources.

7.) The Importance of Salt
Our bodies couldn’t survive without salt, but salt keeps us alive in more ways than one. The biggest single use of salt in the U.S. and Canada is for de-icing roads, highways, sidewalks and parking lots. It’s a large recession-proof market with decades of consistency throughout every economic cycle. Statistics show that road de-icing salt saves lives every year, reducing collisions by up to 88%. No economic substitutes or alternatives for road salt exist in most applications.

8.) Environmentally Friendly
Great Atlantic would feature environmentally friendly straightforward processing, operating very much like a “Salt Factory” with the potential to be carbon net-neutral. Unlike traditional metal deposits, no chemical processing is involved with an underground salt mine and practically all “ore” is shipped directly to market. New technology such as “continuous miners” cut the salt underground (no drilling or blasting). It is then screened to get it to the right particle size before being dropped onto a conveyor belt that brings it to surface. Processed salt is then delivered to the nearby port by conveyor. Replacing overseas imports with Great Atlantic production aids in the battle to reduce global carbon emissions.

9.) Triple Point/Fischell’s Brook Spinout
To unlock the value of Atlas’ Fischell’s Brook Salt Dome, and its potential to help drive the recently signed Canada-Germany Hydrogen Accord for the west coast of Newfoundland, Atlas in 2022 spun out Fischell’s Brook into Triple Point Resources which plans to list on a Canadian stock exchange. Atlas is Triple Point’s largest single investor with 27.5 million shares. Salt domes have multiple uses and are now being increasingly targeted for storing hydrogen safely and efficiently underground.

10.) Cutting Edge Marketing / Communications Strategy
Atlas understands the importance of communicating its message to investors not only effectively but powerfully. From our website to various campaigns to increase investor awareness of SALT, we are very conscious of our brand and the need to tell our highly compelling story in just the right way. The team at Atlas is constantly driven to grow this business and build shareholder value. A major global awareness campaign commences soon (within Q1 2023).

https://atlassalt.com/scorecard/?gclid=Cj0KCQiAq5meBhCyARIsA…

[soulist]

Antwort auf Beitrag Nr.: 73.195.408 von soulist am 31.01.23 10:44:25

Zitat von soulist: Also selbst mit angenommenen 2,5Mio Tonnen wären das noch immer $7,5 Mio/Jahr für Vulcan und ihre Aktionäre.

Was ist schon so eine Mio unter Freunden, im Großen und Gnazen passt das doch so

@Crusty At 2.5MTpa assuming $86.9/t price of salt that's $6.5 million coming off the 3% NSR in the first year of production. At 4MTpa it goes up to $10.4 million based on that same price. Base case looks good to me!
https://ceo.ca/vul?1979b9e4dd49

[soulist]

31 Jan 2023, 14:47
Vulcan Minerals Inc. – Atlas Salt Releases Robust PEA Results on the Great Atlantic Salt Deposit

Highlights:

Robust economic valuation based on a pre-tax net present value (NPV) of $909 million at an 8% discount rate as per a 30 year cash flow model at a production rate of 2.5 million tonnes per year (Mtpa) yielding an Internal Rate of Return of 22%

Low cost production – utilizing a Q4 cost basis of $23.81 per tonne FOB

Mining infrastructure designed to increase production up to 4 Mtpa plus recognition that mineral resources are available for a much longer mine life

Indicated Mineral Resource of 187 million tonnes (Mt) at 96.4 % NaCl, plus Inferred Mineral Resource of 999 Mt at 95.6 % NaCl

Project designed to utilize electricity as the environmentally friendly energy source

Access to the underground deposit through dual declines allowing for production scalability and economic efficiencies
Economic Summary:

Table 1:Summary of Economic Outcomes – Initial 30 Year Production Plan at 2.5 Mtpa

Metric Units Value
Pre-Tax Payback Period yrs 4.2
Pre-Tax IRR % 22.1%
Pre-tax NPV at 5% discounting C$ '000 1,627,736
Pre-tax NPV at 8% discounting C$ '000 909,338
Pre-tax NPV at 10% discounting C$ '000 620,247

Post-Tax Payback Period yrs 5.0
Post-tax IRR % 17.3
Post-tax NPV at 5% discounting C$ '000 920,320
Post-tax NPV at 8% discounting C$ '000 481,900
Post-tax NPV at 10% discounting C$ '000 304,935

Vulcan retains a 3% net production royalty on the mineral licences it transferred to Atlas Salt (formerly Red Moon Resources Inc.) upon spinout of Atlas Salt from the company in 2012, which includes the Great Atlantic Salt project. Vulcan also owns 28,891,000 shares (31.2% of the outstanding shares) in Atlas Salt Inc.

Patrick Laracy, President commented “The PEA evaluation is very impressive. It is gratifying to have this independent PEA confirm the project’s compelling commercial merits. When considering production rates greater than 2.5 Mtpa and a mine life beyond 30 years, significant additional valuation upside is present. I look forward to the finalization of the feasibility study and the development of this project. Projects of this nature have the potential to be in production in excess of 50 years based on comparable salt mines in North America with all the attendant economic benefits.”
https://ceo.ca/@globenewswire/vulcan-minerals-inc-atlas-salt…

[soulist]

Antwort auf Beitrag Nr.: 73.194.688 von SmallCapTrade am 31.01.23 09:25:11

Zitat von SmallCapTrade: Die PEA von SALT ist da:

Zudem wird VUL in diesem Bericht auch klar als Royalty Inhaber erwähnt:

The Project is subject to a royalty payable to Vulcan Minerals Inc., in the amount of 3% of net production revenue.

Somit hat die VUL Royalty aus meiner Sicht einen Wert von jährlich rund 1.3 Mio CAD resp. auf 30 Jahre gerechnet einen Wert von rund 40 Mio CAD falls ich dies richtig rechne. Dies bei konservativen Salz-Preisen.

Wir sehen, VUL Aktien zu haben sollte in diesen Monaten/Jahren eher kein Nachteil sein.

Auf CEO wurde die letzten Tage versucht, das NET in NPR näher zu erläutern:
@WalterWhite Revenue received for ore after a smelter takes their cut. Typical industry standard. In this case there is no smelter required. So if GA was to ship 10M in 2026 at an average price of $100/t the royalty amount payable to VUL would be $30M, or 3% of $1B.

Also selbst mit angenommenen 2,5Mio Tonnen wären das noch immer $7,5 Mio/Jahr für Vulcan und ihre Aktionäre.
Egal welches Szenario, wir sitzen hier auf dem Vulcan am längeren Hebel. Kann mir sogar vorstellen, dass Vulcan eher und zu höherem Aufschlag übernommen werden könnte, a.) wegen der 30% an SALT Aktien und b.) den erwähnen 3%NPR

Interessant zu erfahren wäre noch, wo Pats und Rowlands Schmerzgrenze liegt, die Mine doch selbst zu entwickeln, um zu niedrige Offerten abzulehnen. In Anbetracht dessen, dass beide schon weit auf ihrer back9 sind, wird das nicht allzu hoch sein. 7,5$ für SALT würden die beiden trotz der ganzen Superlative für GreatAtlantic wohl oder über akzeptieren...

[SmallCapTrade]

Die PEA von SALT ist da:

https://atlassalt.com/independent-preliminary-economic-asses…

Wenn man die vielen verstecken Treiber anschaut wie:

-NPV mit den üblichen 5% würde auch schon ganz andere Werte geben oder
-Salzpreise zum Verkauf wurden auch konservativ gerechnet oder
-Mine kann einfach auf 4.0 Mtpa erhöht werden oder
-die letzten guten Bohrergebnisse sind hier noch nicht enthalten oder
-Minenlaufzeit könnte wohl auch länger als 30 Jahre dauern

dann kann man dann schon von mehr als 4-5 CAD pro SALT Aktie träumen. Vul könnte/sollte sich also mind. verdoppeln. Zudem wird VUL in diesem Bericht auch klar als Royalty Inhaber erwähnt:

The Project is subject to a royalty payable to Vulcan Minerals Inc., in the amount of 3% of net production revenue.

Somit hat die VUL Royalty aus meiner Sicht einen Wert von jährlich rund 1.3 Mio CAD resp. auf 30 Jahre gerechnet einen Wert von rund 40 Mio CAD falls ich dies richtig rechne. Dies bei konservativen Salz-Preisen.

Wenn ich nun mit einer SALT Übernahme mit konservativen 4 CAD rechne ergibt dies einen VUL Wert bei 28 Mio Aktien von 112 Mio CAD. Zuzüglich konservative 30 Mio CAD Royalties gibt eine VUL Market Cap von 142 Mio CAD oder mind. das 3-Fache vom aktuellen Aktienkurs.

Wenn ich mit einer SALT Übernahme mit realistischen 8 CAD rechne ergibt dies einen VUL Wert bei 28 Mio Aktien von 200 Mio CAD. Zuzüglich 50 Mio CAD Royalties gibt eine VUL Market Cap von 250 Mio CAD oder mind. das 5-Fache vom aktuellen Aktienkurs.

Wenn ich nun mit einer SALT Übernahme mit träumerischen 12 CAD rechne ergibt dies einen VUL Wert bei 28 Mio Aktien von 336 Mio CAD. Zuzüglich 70 Mio CAD Royalties gibt eine VUL Market Cap von 406 Mio CAD oder rund das 9-Fache vom aktuellen Aktienkurs.

Wir sehen, VUL Aktien zu haben sollte in diesen Monaten/Jahren eher kein Nachteil sein.

Alles nur meine Meinung und natürlich absolut spekulativ!
Viel Erfolg
SmallCap

[tf17]

Gibt es nicht ein Bericht von Atlas heute?