Morien Resources Corp APMCF

Primary Symbol: V.MOX

Steel Steel

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.

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Morien Resources Corp > Still not much liquidity

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Post by cupricityon Sep 14, 2022 3:46pm

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Post# 34962666

Still not much liquidity

Coal price is 600 canadian.

https://tradingeconomics.com/commodity/coal

If we did 3 million tonnes in the next 12 months we would get about 50 to 60 million in royalties. Over a dollar a share.

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