Morien Resources Corp V.MOX

Alternate Symbol(s): APMCF

Steel Steel

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.

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Morien Resources Corp

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Comment by marketsenseon Jan 08, 2017 5:48pm

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Post# 25681118

RE:2 million tonnes and mix

cupricity wrote: The Marston report suggests a 75% met coal, 25% high btu thermal coal product. As for 2 million tonnes I am betting we are going 10 million tonnes by 2020. There is nothing else in the world with this thick of a coal seam (12 feet) with so much met coal sitting on water in a happy district with rail power and people a stones throw away, and even a port to ship from 30km away.

Chris Cline averages 28 dollars a tonne for his underground mining costs. If we sell for 150 dollars for met and 75 for thermal and he has 450 million tonnes of resource you can bet he won't wait 225 years to get a return on his investment. 10 million tonnes can go for decades and longwall costs are much reduced.

Here is to hoping. I trust management and that is the main thing.

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