Newcastle Coal Futures hit a new all-time high today of $143.40 per tonne!
The higher coal prices rise, the more likely it becomes that the Donkin Coal Mine in Canada will reenter production. It is the only major coal mine that can quickly be brought into production to increase coal supplies in North America with minimal CAPEX spending!
Morien Resources (TSXV: MOX) owns a huge royalty in the Donkin Coal Mine yet its current enterprise value at $0.185 per share is only CAD$6.4 million! At some point any day now, we will likely see speculation in the media about the possibility of the Donkin Coal Mine reopening and when this occurs look for shares of MOX to instantly make a move to between $0.50-$1 per share!
MOX has the best risk/reward ratio in the entire market. MOX's U.S. symbol is APMCF.
This is a totally unbiased pick simply for us to brag when it surpasses $1 in the near-future! Don't buy any shares, just watch! We will be right! We will be pointing back to this alert when MOX breaks $0.50 and again when it breaks $1!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.