Business Description
Cornerstone Capital Resources Inc. is a prospect generator with a diversified portfolio of gold, silver, and copper projects in Ecuador and Chile. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project located in northern Ecuador. The company was founded in 1997 and is based in Ottawa, Canada.
Website http://www.cornerstoneresources.com/
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I look forward to Cascabel’s FS, where the analyst may be able to calculate the value of CGP’s interest recognizing that it’s 15% direct interest in Cascabel is unimpeded from Franco Nevada’s net smelter royalty. It may be worth a couple dollars or more per share.
Hi Hugh, thank you for your comments. Our valuation is based on CGP’s 15% interest, and accounts for Franco Nevada’s royalty. We are eagerly awaiting the PFS as well!