part 2
1 million tons in production level should be happening already, hoping 3 mil by 2024 or sooner.
payout could be 30-60% to start, later, 80 even 90% is probable, and Dawson said he and others want to do the 90%. So the fear, they will hoard the money is baseless.
long wall mine question, should happen in a year or two almost certainly imho, it is the cost effective, more efficient way to mine this deposit. That said, that question is up to the miner, not Morien, but I believe the numbers will win in the end.
Canadian lawmakers have already sort of exempted this mine from further interference, due to declaring it a metallurgical coal deposit, so no more Trudeau crap to close it down should be expected.
the aggregate project which is another royalty project, it pays 150k/year for now every year which is about 1/3rd the corporate costs for Morien every year, even though not open yet. Still waiting for production, nothing for next couple of years is probable, but, the payment is important to Morien and , there is another new project they are looking at down in Georgia very soon, it is another aggregate and more probable to go into production sooner and will add to any dividend projections below.
dividends when and how much?
nov 29 board meeting, the preference q4 or q1 to issue a 1 cent divvy right away as a reward to patient investors, then lower to a 1/4 penny until current production is ramped up and understood, which could be very early next year. , then higher down the road will come. So....
maybe 8 cents after initial ramp up to be paid at some point next year as a steady number , that is per share and will go higher as production ramps up toward the 3 million tons mark.
big spikes in 2024 in price and divvy I would expect, if long wall production is used, plus factor in price projections that include a coal price at 250- 300 USD, other factors, etc., As soon as they start paying a divvy, that will attract new investors, and that could be before the end of the year, so these prices may not last long.
When a more full production is achieved, probably by 2024, then a good rough number on the divvy, 25-35 cents per share, maybe? Who knows, just rough conservative numbers. You can play with the calculator below, it could be quite a bit higher could be a bit lower, depends on coal price and production numbers, which nobody knows at this time what that would be, these numbers are very realistic with what is known now, so 30 cents, maybe a good rough guess.
Remember, Morien is not the mine operator, they just get a royalty payment to distribute to the shareholders and Cline Group, the miner, has been quiet on what they are doing, but at some point, real numbers will come out and more accurate projections. At any rate, looks like this is going to be a great investment for all those who have been patiently waiting, like me. As said, I think once the divvy is paid, that will attract new investors and the price will keep heading up, but for me, this is not a capital appreciation investment, this is an income investment, unless the price really goes nuts.
Again, all rough numbers but even if you bought at todays price, this indicates your total investment will be paid back by end of 2024, and you get dividends for the next 20 or 30 years, or more. Anyone, please, find me another one like this. I am not pumping, I have no plans at all to sell at this time. I bought this to add to retirement income a few years ago, not to flip. Just sharing helpful info, as I have always done. You can play with the numbers in the calculator below which I asked Dawson about he said, yes, the calc numbers are based on facts.
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