Cornerstone Capital Resources Inc V.CGP

SolGold's Regional Rationalization Proposal

[RatPatrol]

On September 2nd, SolGold announced plans to drop 10 properties from its Most Extensive 72 - property portfolio.

This enormous portfolio was built with not a little aid and intellectual assistance from Newcrest, IMHO.

Newcrest and BHP are both large and capable outfits.
Under their combined (I suspect) guidance, SolGold will be able to become a large, maybe dominant producer of silver, gold, and copper by developing just the most attractive 6 properties in this portfolio.

And I think any reasonable government will allow some but not a lot more mine development.

1) CGP will likely get first dibs.

2) Within the 10 to be discarded, there may be 1 or 2 that are close to planned infrastructure.

3) CGP's big Value remains its shares of SolGold plus its 15% interest in Cascabel which is UNENCUMBERED by Franco Nevada's opportunistic royalty.

We c.... 

DYODD