Morien Resources Corp V.MOX

Alternate Symbol(s): APMCF

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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Comment by cupricityon Sep 15, 2022 3:32pm

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Post# 34965225

RE:RE:Still not much liquidity

If you go to the Morien web page and click on Dividend.

https://morienres.com/dividend-policy/

And you put in todays coal price  https://tradingeconomics.com/commodity/coal

And todays exchange rate.

And put in 3 million tonnes which is less than we are permitted for.

And 80% of FCF is dividended.

The dividend per share per year would be about 1.20.

So the coal price could come down 50 percent and we are trading at 1 times earnings.

If we go longwall. That could be much higher. But lets deal with facts. As they are today.

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