Atlas Lithium Corp (ATLX)

[ImOnABoat]

As part of the processing for diamonds and gold, we have sand as a by-product. We looked at the sand and saw that Montes Claros, the city closest to the mine, has almost half a million people. That city is growing by 20 percent a year. It needs cement for houses, hospitals, schools, everything you can imagine. And there's really no supplier of sand near it.

So naturally we said, "okay, let's sell our sand." We have 1 million tonnes of sand, and it's actually annoying because it takes up space. So we did the environmental study needed to show that selling the sand won't affect the environment, and we got approved and are going to begin selling sand.

It will be a beautiful cash flow — we had something that's free and we'll be selling it to someone who desperately wants it. That gives an idea of the way we think — the previous owner didn't even think of that.

http://www.thestreet.com/story/12937096/1/brazil-minerals-pursuing-profitable-diamond-and-gold-mining.html


Please read the bold portion above and tell me Marc is not a genius? I will trust this guy with my money any day.