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

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Post by bovalenaon Sep 26, 2022 11:24am

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Post# 34986550

Calling on Cup

So, Cup, at prent price of 600 per ton we would see a 1.20 per share annual div at 80% payout of FCF? Or were you desribing a 50 percent drop in spot coal price to $300 per ton which would still then yeild a $1.20 per share annual divi? Thanks in advance!

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