Morien Resources (TSXV: MOX) in February 2020 prior to the Donkin Coking Coal Mine being placed on care and maintenance was trading for 0.205X the price of Ramaco Resources (METC). With coking coal now trading significantly higher than its February 2020 price we believe Donkin could reopen soon. If we get news that Donkin is reopening and MOX returns to 0.205X the price of METC it would currently value MOX at $1.74 per share.
When Donkin was placed on care and maintenance MOX crashed to a low in April 2020 of 0.05X METC.
Even if Donkin doesn't immediately reopen we look for MOX at a very minimum to return to 0.05X METC, which would currently value MOX at $0.425 per share.
As recently as February 10, 2021, MOX was trading for 0.07X METC, which would currently value MOX at $0.60 per share.
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.