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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
Comment by cupricityon Dec 12, 2014 6:53pm
189 Views
Post# 23226329

RE:RE:Sunrunner

RE:RE:SunrunnerYes he is getting our 25% for 5.5 million, but we are getting about a 3% net return.  If you take the average of 3.5 million tonnes a year ( 2million at 2% and 1.5 million at 4%) in 5 years with Met Coal prices at $140(which covers the cost of 80% of producers) and thermal coal at $90 we are making roughly 3% of 450 million which is 13 million dollars a year.   That would put our market cap at 130 million with 10 times earnings.  That would be  a 2 dollar share price.  Would explain why he bought some for 30 cents.

  At 10 million tonnes a year- and don't laugh because 10 million tonnes for Cline is not that much- we would get 3 times that or 39 million dollars at 140 met coal.  Market cap of 400 million at 10 times earnings or 8 dollars a share.

  In the meantime we have no dilution risk which was pretty substantial, and we have the ability to get something else at a ridiculous cheap all time low.  30 cents is what he paid and he is no dummy.
Bullboard Posts