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Morien Resources Corp V.MOX

Alternate Symbol(s):  APMCF

Morien Resources Corp. is a Canada-based mining development company focused on the identification and purchase of mineral projects. The Company holds two royalty interests in coal and aggregates on tidewater-accessed projects in Nova Scotia, Canada. The Company's project developments include Donkin Coal Mine and Black Point Aggregate Project. The Donkin Coal Mine is located in Eastern Canada, Cape Breton, 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, with suitable characteristics for the development of a crushed stone marine export operation for supplying markets in the eastern United States and Caribbean region. Its subsidiary is Advanced Primary Minerals USA Corp.


TSXV:MOX - Post by User

Post by cupricityon Apr 11, 2022 5:53pm
334 Views
Post# 34595152

Who would walk away from 250 million investment?

Who would walk away from 250 million investment?There are 2 options.  Kameron reopens us once they get coal spur fully up and running, or they sell us.  Very hard to get a permit to mine coal.  Only one met coal mine on the ocean in the world like htis one.  
  When?  No one knows.  If?  Highly likely.  With a green revolution coming they will need lots of steel for grids and trains etc.  Meanwhile it emits a loss less carbon to mine coal 30km from the ocean than 1200km like many met coal mines.
   No one knows for sure but likelihood is high.  My guess is we go longwall which eliminates all the issues with the roof because everything is supported all the time and costs go way down.
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