Stockchase Opinions

Paul VanEedenCornerstone Capital Resources.CGP.VBUYAug 16, 2006

Very interesting land position in Ecuador but is very early stage, very grassroots, very conceptual which means very high risk. They off laid the risk to another company.
$0.65

Stock price when the opinion was issued

$3.90

As of Feb 28, 2023. Market Open.

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HOLD
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.
BUY
He has been long this company for 15 years. They have made a major discovery in Ecuador.
COMMENT

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.

HOLD

He is a founding shareholder. They had first pickings in the terrain. We see the potential of a world class deposit. Sit tight.

TOP PICK

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.

COMMENT

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.

BUY

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.

COMMENT

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.

BUY
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.
BUY
Has lots of different projects with other companies coming in and spending their money to earn in.
WAIT
Very well run company. Very attractive land position in Ecuador. Very close to elections and it is a question if they are going to move more to the right or left. There are very good indications that they could have something. They have joint-ventured it.
BUY
This company has lots of projects. He likes the management. Believes it is a low risk model. Good long term investment.
BUY
Their Ecuadorian properties are a far more exciting than its Newfoundland assets. Exploration costs in Ecuador are being funded by another company.
BUY
Purchased a portfolio of very good, early-stage exploration projects in Ecuador. Another company is funding exploration costs for 60% of the project. Also have joint ventures in Newfoundland.