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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 19, 2017 1:02am
134 Views
Post# 25726448

Mik Precious

Mik PreciousThe upside to going down to 40 cents is that NCIB is way behind schedule due to the dramatic coal price rally.  They have permission to buy a million a month and they have lots of cash to do it with.  Any weakness will be met with insider buying.  So as a shareholder I win if I win and I win if I lose.  Nice place to sit.  While I have been sitting on my shares the float is down by 7 million shares or 12 percent  and counting. Mean while the earnings potential is up to 8 million.  Revenue up from 6 million and share count down by 12 percent.  Nice math.  And .5 Nav should help out a bit as well.  Good luck.
Bullboard Posts