OTCPK:CTNXF - Post Discussion
Post by
BSdetector2016 on Sep 03, 2020 7:43am
Totally Undervalued
Thanks Optimist7 for positing the link to the article from which this excerpt was taken. In a recent rebuttal to SolGold’s offer, Cornerstone made the following points: |
• SolGold’s offer is 56% less than the C$8.60 share acquisition price of Cornerstone’s top three shareholders
• BHP’s 13.6% interest in SolGold, acquired in 2018 and 2019, implies a C$11 price for Cornerstone
• Newcrest’s 13.6% interest in SolGold, acquired by block purchase in December 2018, implies a C$13 price for Cornerstone
• Precedent transactions for projects of Cascabel’s scale have averaged $0.07/lb. copper-equivalent, which would imply a C$18 valuation for Cornerstone |
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