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Morien Resources Corp APMCF


Primary Symbol: V.MOX

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

Comment by cupricityon Sep 12, 2021 10:56am
387 Views
Post# 33846164

RE:Calling on Cup

RE:Calling on CupI sure like this price action. What I see is the parent company Kameron Collieries has been making a killing in Alberta at coal spur so they are cashed up. They have been blessed with a win in the Supreme Court about expansion there. Meanwhile coal is dead for large paper investors that have esg rules on their boards. Then we get a conservative government in Nova Scotia, a billion tonnes of high grade b coling coal sitting a short distance from a Sydney export terminal that just got lights to bring in Panamax sized coal boats and I see the announcement cooking..... Kameron Collieries announced reopening of Donkin Mine with a switch to safer more productive Longtail mining. 4 million tonnes a year at average 3 percent at 200cdn a tonne is 24 million in cash flow or about our current share price. I was only long for 11 years lol
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