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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

Post by cupricityon Apr 25, 2023 8:05pm
233 Views
Post# 35413615

Met Coal/Thermal Coal

Met Coal/Thermal CoalI expect that the met coal version of our product will be shipped shortly.  When thermal was high it didn't make any difference but as the price diverges we should be in the met coal game shortly.  Let's hope they get the private haul road tied in this spring and that we are shipping from the Sydney coal pier on REAL BIG SHIPS soon.

   Bids are firming up and it appears that possibly the end of the selling is finished.  Most people that sold would have been well into the money and it made sense for them I guess.   I see 20 or 30 million a year in royalties which translates into a dividend yield in the 30 to 50 percent range at todays prices within 36 months. 
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