Morien Resources (TSXV: MOX) has just had its third straight up week and finished this week above its most important key breakout point!
MOX has a current market cap at $0.45 per share of only CAD$22.764 million (USD$17.66 million). MOX has $2.17 million in cash and no debt! MOX's enterprise value is only CAD$20.594 million (USD$15.98 million)!
The Donkin Coal Mine is the only large coal mine in North America that is likely to be brought back into production within months to help reduce rapidly rising electricity costs.
Donkin is a billion-dollar fully developed coal mine. MOX's 2%-4% gross production royalty is likely to average 2.545% for 30+ years based on estimated average annual production of 2.75 million tonnes.
Royalties are typically worth 10X more than equity in the same mine. Considering that Donkin is worth $1 billion a market cap for MOX of $254.5 million is possible after the mine reopens.
There are over 500 $h*tcoins that currently have a higher market cap than MOX and 99.99% of these $h*tcoins will soon be worth zero.
MOX also owns a royalty in a Vulcan Materials aggregate project that is currently generating advance royalty payments!
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