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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 Apr 04, 2023 10:07pm
176 Views
Post# 35380159

RE:1st quarter

RE:1st quarterMy guess is a 1 cent dividend announced May 15th for June 25th payout or so.  It will go higher.  Coal has bottomed and is going higher, helped by Australia limiting coal exports to 5% less than 2022 numbers.  This is a huge impact on global supplies.  ESG has choked off coal supply and that will not change for many years to come. Privately help export coal companies that are not affected by ESG effects on public ownership are very hard to find and here we are with a dual purpose mine that can send met coal or high quality thermal coal at the flick of a switch.   I think we will have 1.5 cent dividend in December and a 2 cent divvy in December.  Will grow at that rate for some time ie half a cent per quarter.
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