Opinions Rick Rule
Cornerstone Capital Resources.CGP.VCOMMENTNov 11, 2016
Rick RuleStock price when the opinion was issued
As of Feb 28, 2023. Market Open.
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Rick RuleRick RuleHad a wonderful discovery in Ecuador. Probably the most successful prospect generator in Ecuador. The best land position in Ecuador is owned by this company, because they were there in the tough times.
Rick RuleHe is a founding shareholder. They had first pickings in the terrain. We see the potential of a world class deposit. Sit tight.
Rick RuleThey’ve made a tremendous discovery with a company called Falgold in Ecuador, which owns 85% of the deposit. He thinks they would like to own 100% of the deposit, and the way they do that is to buy Cornerstone.
Rick RuleThey’ve been in Ecuador quite a while. Formed a joint venture, and made a very impressive copper/gold discovery. There are a lot of other periphery copper/gold systems around there. This is looking pretty good. He missed it, and it is looking more expensive than what he would want to pay for it.
It is a prospect generator from Atlantic Canada, focused in Equador. They joint venture their projects to others. He has been a shareholder for many years.
Rick Rule
Paul VanEedenPaul VanEedenPaul VanEedenPaul VanEeden
The fiscal policy in Ecuador is not particularly attractive for mining, although it is becoming much more reasonable in terms of cost recoupment. The geological endowment of Ecuador is absolutely spectacular. The discovery that this company has is substantial enough to attract attention of some major companies.