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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 Apr 25, 2017 1:21pm
216 Views
Post# 26163455

NCIB again at 53.

NCIB again at 53..2 percent of float gone again today.  Lets see. 100,000 less shares, 8 million revenue 52 million shares out 16 cents a share earnings, .2 percent of 8 million is an extra 16,000 every year to give share holders with a 53,000 investment.  Roughly a 28% return on investment....  To buy all of morien at 53 cents would only take 27 million or just over 3 years of money.  But if we drop the float by 10 percent a year like we can on the venture in 3 years we could have 40 million shares and 8 million in revenue which would be 20 cents a share.  Assuming coal prices drop by 50% and we don't expand.  Happy Tuesday.  
Bullboard Posts