Feb. 3 at 6:40 PM
$ATLX Yes, the "up to"
$8 million in cash and/or stock has been discussed on this board previously - several times in fact. This reality still disrupts the original bear thesis.
With that said, the stock conversion could be better than the cash. Why?
$ATCX is low-float, is revenue producing, has a diversified minerals rights portfolio, and it's likely that they'll start the Silver River Quartzite Mine soon. Adding to the revenue. In other words, ATCX has the potential for serious upside.
Therefore, as mentioned earlier, even if we ignore the option agreement, ATLX still owns ~20% of ATCX. Any appreciation from ATCX improves ATLX's books.
Finally, the current bear thesis ignores the expected
$40 million for the offtake (from Yahua and Chengxin).
"Charity. Patience. Humility."
