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Cornerstone Capital Resources Inc CTNXF

Cornerstone Capital Resources Inc is a mineral mining company. Through its subsidiaries, it is engaged in the evaluation, acquisition, and exploration of gold, silver and copper projects in Ecuador and Chile. The group is organized into business units based on mineral properties and has one business segment.


OTCPK:CTNXF - Post by User

Post by RatPatrolon Jul 02, 2020 9:40pm
372 Views
Post# 31218829

1/2 a Newcrest Share?

1/2 a Newcrest Share?At least 1 analyst has placed a value of $8 - $12 on each CGP share.
Cascabel is 1 of 3 largest undeveloped copper, gold, silver properties in the world.
The undiscounted value of Cascabel at today's metal prices exceeds $100 Billion.

Here are 3 facts and 1 observation related to a possible Newcrest offer;

1) Newcrest farmed into another CGP property, Cana Brava, in April 2019 and is partnering in CGP's Miocene project in Chile. CGP and Newcrest have a history, albeit short, of working together.

2) Newcrest paid $500 million for a NSR on Lundin Gold's Fruta del Norte MINE within a week of SolGold's ill-advised NSR agreement with Franco Nevada, costing only $150 million. Cascabel is NOT YET A MINE.

3) SolGold is not a legitimate underground miner IMHO. Newcrest is a legendary gold miner, evolving out of Newmont Mines, Australia. This company has applied technology and systems to the well-known block-cave underground mining method which would be used at Cascabel.

Observation / Postulation

Newcrest has no plans to maintain its present 15% ownership of SolGold.
And it may have a low interest in owning a NSR, even a very good one like Fruta del Norte.

Would Newcrest trade NSR's with Franco-Nevada?
(Would FNV trade for a bird in the hand?)

Would Newcrest offer to buy CGP with stock?

We c.....



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