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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 25, 2023 8:05pm
190 Views
Post# 35413615

Met Coal/Thermal Coal

Met Coal/Thermal CoalI expect that the met coal version of our product will be shipped shortly.  When thermal was high it didn't make any difference but as the price diverges we should be in the met coal game shortly.  Let's hope they get the private haul road tied in this spring and that we are shipping from the Sydney coal pier on REAL BIG SHIPS soon.

   Bids are firming up and it appears that possibly the end of the selling is finished.  Most people that sold would have been well into the money and it made sense for them I guess.   I see 20 or 30 million a year in royalties which translates into a dividend yield in the 30 to 50 percent range at todays prices within 36 months. 
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