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Morien Resources Corp V.MOX

Alternate Symbol(s):  APMCF

Morien Resources Corp. is a Canada-based mining development company. The Company’s principal business is the identification and purchase of mineral interests and projects. The Corporation holds two royalty interests on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of crushed stone from the permitted Black Point Quarry Project, in Guysborough County, Nova Scotia. The Company owns a gross production royalty on coal sales from the Donkin Mine in Cape Breton, Nova Scotia, owned by Kameron Collieries ULC, a subsidiary of The Cline Group LLC. The Black Point Aggregate Project is a granite deposit with a mine life of around 75-years located along the southern shore of Chedabucto Bay in Guysborough County, Nova Scotia. The Project possesses suitable characteristics for the development of a crushed stone marine export operation for supplying markets in the eastern United States.


TSXV:MOX - Post by User

Bullboard Posts
Post by power_auditoron Mar 18, 2013 6:07pm
209 Views
Post# 21147494

Company update + Russians

Company update + Russians

Some good information released.   coincidental Prov. is hoping Russian Severstal sets up shop in Cape Breton to make iron ore pellets.  Does NDP still have funds available?  Will the Fed's contribute funds?

 

"Morien has entered into discussions centred around the Xstrata sale and joining forces with an operator to act on its right of first refusal. Morien has a 60-day right of first refusal to purchase Xstrata's 75-per-cent interest in the Donkin project should Xstrata accept an offer." from nr.today.

 

Nice info.  Interestingly they have received a lower sulphur level than from the earlier NI 43-101.  Was the previous test flawed?   poorly performed?    responsibility?  

Does this affect the fairness opinion received prior to the split last year?  responsibility?

 

 

 

 

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