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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

Comment by cupricityon Oct 01, 2022 9:21pm
585 Views
Post# 34999847

RE:RE:Calling on Cup

RE:RE:Calling on CupChilling on beach is right. If we did 2 million tonnes at 300 cdn we would get 12 million minus taxes etc so 9 million times 80percrny 7 million in dividends. 14 cents a share. Worst case we have a 20 percent yield. If we go Longwall which i expect at 300 long term met coal price 6 million tonnes 14 cents dividends for first 2 million 28 cents for next 2 million and 28 cents for bext 2 million. So we would have a 100 percent dividend yield at today's price. Of course people are up and wsnt to cash in and buyers know this so they will be smart and look for weak hands like the one that just sold us down to support lines. Patience is key. I waited 12 years so what is one more. They are not permitting any more met coal mines 30km from the ocean anywhere anytime soon.
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