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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 31, 2017 11:23pm
159 Views
Post# 25781376

By the numbers

By the numbers75% met coal. 25% 13,000kj/kg.  12 foot seam.  4.5 kilometers from export ship to continuous miner. Total ground foot print 200 acres.

Appalachi mt top mining by the numbers:  10% met coal, 5500kj/kg 5 foot seam,  5 to 1 strip ratio, mt top removal =taking a mountain and moving it into a valley, or total environmental destruction.  Groud foot print is immense coal removal is small.

Cheap nat gas kills uneconomical 5 foot appalachia coal nothing to do with Obama.  Trump can try to make it easier but the same applies to fracking rules for nat gas so coal is screwed either way.

Less thermal coal less met coal by product.

Also we are owned by a yankee.  A smart yankee.  Smart enough to be with Ellin Nordegren Tigerwoods ex.  

Final number 30% our current yield if paid as a dividend in 2  years and counting.  First production this month.  Longwall consulting 2018.  Mik Mak blessing, revised permitting late 2018. 2020 5 million tonnes, 2023 10 million tonnes.

Royalty life of mine.  Life of mine at 10 million tonnes is 45 years.

A little birdy told me that the coal is EVEN better than they thought.

Peace.
Bullboard Posts