Morien Resources (TSXV: MOX) gained by 20.9% on Tuesday to a new 18-month closing high of $0.405 per share!
With U.S. coking coal producer Ramaco Resources (METC) gaining by 18.76% on Tuesday to $11.65 per share we still have a MOX/METC ratio of only 0.0348.
When Kameron Coal's Donkin Coking Coal Mine that MOX owns a high value 2%-4% gross production royalty in was last operating in March 2020, the MOX/METC ratio was 0.2075! NIA expects Kameron to restart operations at Donkin by year-end 2021, which we believe will cause the MOX/METC ratio to return to 0.2075. This would currently value MOX at $2.42 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.