Morien Resources (TSXV: MOX) is beginning to breakout big and gained by 7.37% today to $0.51 per share. We see no resistance between here and MOX's all-time high of $0.77 per share. MOX's 14-day relative strength index (RSI) is still only 70.79. MOX has significantly more upside before its next profit taking dip. We expect to get public confirmation within a week or two that Donkin is reopening when the U.S. MSHA consultants visit the mine. We expect Donkin to export nearly all of the coal it produces to the Asian market and MOX's 2%-4% gross production royalty will generate royalty revenue of approximately $28.85 million per year once Donkin reaches full production capacity based on current coking coal prices.
Arianne Phosphate (TSXV: DAN) had a huge day today gaining by 20% to $0.42 per share. China has just banned phosphate exports, which will make DAN's Lac à Paul Phosphate Project more valuable than ever before.
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. NIA has received compensation from DAN of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
