Since March 27, 2020, the day prior to the Donkin Coal Mine being placed on care & maintenance, Morien Resources (TSXV: MOX) has been the world's worst performing coal stock with a gain of only 43.82%.
During this same time period, Newcastle Coal Futures have increased by 513.19% or 11.71X more than MOX.
Every other coal stock since March 27, 2020, has achieved gains of between 201.9% and 1,459.62%.
Excluding MOX, the average coal stock since March 27, 2020, has gained by 618.73% or 14.12X more than MOX.
Excluding MOX, the median coal stock since March 27, 2020, has gained by 523.29% or 11.94X more than MOX.
This is totally understandable since the mainstream media convinced the world that Donkin was "permanently closed". NIA is literally the only organization in the world that has been predicting for the last 16 months that Donkin would reopen.
For MOX to achieve a gain since March 27, 2020, that is equal to Newcastle Coal Futures gaining by 513.19% it will value MOX at $2.76 per share.
For MOX to achieve the industry median (excluding MOX) coal stock price increase since March 27, 2020, of 523.29% it will value MOX at $2.80 per share.
For MOX to achieve the industry average (excluding MOX) coal stock price increase since March 27, 2020, of 618.73% it will value MOX at $3.23 per share.
MOX's most likely scenario is that it will rise before year-end to a price of between $2.76 and $3.23 per share. This will represent a gain of between 331.25% and 404.69% from yesterday's closing price of $0.64 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.