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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 marketsenseon Jan 08, 2017 6:04pm
124 Views
Post# 25681146

RE:RE:2 million tonnes and mix

RE:RE:2 million tonnes and mixoops, hit the post button by mistake before finishing my reply. Thanks for the info on the coal prod answer. I would agree with those kind of economics, its no wonder Cline snapped up Mox's 25% interest for $5.5M cash and a long life sliding scale royalty deal. This will be an incredible deal for MOX and its shareholders once in full prod and would seem a given that Cline would want to increase production. Once the earnings start to accumulate for ERD, who knows what will be next? Maybe a royalty streaming deal with ERD to fund their Mongolian gold prop if it turns out to be what they are hoping it to be. I don't think they need to buy more shares as it seems pretty tight right now bit that's another issue. Get Donkin going full blast and then see where the share price goes. I'm thinking straight up.
Bullboard Posts