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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 Feb 17, 2016 1:54pm
127 Views
Post# 24567124

RE:Culpricity- I THINK THE SHIP HAS TURNED FINALLY

RE:Culpricity- I THINK THE SHIP HAS TURNED FINALLYWe might grow older. Important to be healthy now. Nobody knows anything for certain other than impending death.   I have said it before and I will say it again.

    In my little fantasy world I see this Donkin mine going to at least 6 million tonnes a year- there are 450 million tonnes so it would take 150 years to get it out at 3 million tonnes.  In fact the NS govt Devco figured there was 2 billion tonnes down there.

  But lets say 6.  Lets say 4.5 met and 1.5 thermal.  Thermal at 60 bucks to NSPI with sulfur scrubbers and 4.5 to SHCC. Long term price 105usd which will be about 140 gross with the next 8 years of sunny days trudeau bucks.  Makes cash flow to us in the 20-25 million range or 50 cents a share of todays float.  Watch that float folks she keeps on dropping.  2 bucks will be 3 or 4 times earnings.

   Yeah TCK is the leader that will take it up.
Bullboard Posts