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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 cupricityon Nov 13, 2012 8:11pm
294 Views
Post# 20596272

50 million vs 100 million

50 million vs 100 million

If we assume that ERD was valued at Donkins Value before and they had a market cap of 1.80 times 100 million in April 2011 (18 months ago) and now we have a share structure at 50 million to return to a market cap we would be a ten bagger from here.

   Now if we assume that we only returned to the value of money spent on donkin and 1/4 share we could still get to 120 1990 dollars in 270 million today dollars and so far the DCA has spent about 40 million so just shy of 80 million is MOX's share of capital development at Donkin or 1.60 a share right now.

   Anybody read about Fippa lately?  Harper made a pretty good deal with the worlds number 2 economy.  Donkin is ripe for a takeout in my opinion.

Bullboard Posts