Cornerstone Capital Resources Inc CTNXF

last PEA statement - estimates

[Reddale]

From memory the last economic assessment (without the benefit of more recent  Solgold drilling & assays) placed a value of $4 billion on the deposit.

So in rough math, CPG owns 21.4% x $4B = $856 Million

There are 32.4 million shares of CGP outstanding,  so $856M divided by 32.4M = $26.4 share

Subtracting all costs to extract the mineral wealth, lets say 50% of that = $13 bucks a share 

Wow,  $13 bucks a share without any PE mulitple applied.

Even if costs are 70% that is still $7.90 / share without any PE multiple applied

I can hardly wait for October 19th when the stand still agreement with Solgold expires

I think a bottle of Lagavulin 16, Highland Park 15 and Talisker Storm would be nice.

Red