OTCPK:CTNXF - Post by User
Post by
adirondackon Oct 19, 2016 2:25pm
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Post# 25362082
Care and Maintenance
Care and Maintenance Cornerstone seems to be on care and maintenance.
Waiting on SOLG.
Conserving cash.
No project income.
Prospect of SOLG listed on TSX.
Why buy CGP when you could buy SOLG?
Project Income for Cornerstone
2012 - $633,331
2013 - $543,266
2014 - $428,045
2015 - $8,720
2016 - $0
Will they spend the $500,000 to maintain the Miocene property -
"In May 2016, the Company issued 1,200,000 common shares and made a cash payment of $60,000. As at June 30, 2016, the Company had not yet incurred the $500,000 of exploration expenditures." (#16. Commitments - page 23 - Interim Financial Statements .)