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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 Jan 07, 2015 8:15pm
231 Views
Post# 23296427

10 bucks on an NCIB

10 bucks on an NCIBAlso 10 bucks that FELP (Kameron) is going to go longwall on this gig- 5 mtpy.  Budreski is a sharp cookie- on board of directors at Sandstorm, not going to piss all our cash away on drilling or adventures.  

  5 mtyp @ $120(100)usd for shcc - the PFS that Xstrata paid 10 milliion for uses 160 dollars a tonne for washed SHCC, gives us 3.3% of 600 million or 18 million a year or 30 cents a share.

   There are some tired hands here, washed up funds wasting OPM (other peoples money) but if you want a play with no debt, great assets, take the weak shares away.  There is a big wall at 20 cents but after that there is not much resistance.

   With Granite, Gold and Coal 2018 revenue could look like 8-16 million which at 5 times earnings is 70 cents to 1.40 but why sell at that level as a dividend and an NCIB gives you 20% return on money.

   FELP, Chris Cline, is the smartest man in Coal in the world and there is a reason he is going ahead with this mine when all mines in NA are on sale!

                                                                           Cheers!
Bullboard Posts