Rick Rule
Cornerstone Capital Resources.
CGP-X
COMMENT
Nov 11, 2016
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.
Exploration company with projects in Newfoundland and Ecuador. Rely heavily on joint venture funding. Feel they will be successful on one or more of their projects.
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.
They’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.
They’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.
Had 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.
He's worried about their market cap and deposit. But two big mining companies are fighting over it, which encourages him a little. Put a trailing stop.
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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.