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Bullboard - Stock Discussion Forum 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 Discussion

Cornerstone Capital Resources Inc > Totally Undervalued
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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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