MI3 Market Alert: Is Copper set to rebound in 2020?
Mario Drolet President of MI3 Communications Financières Inc. (MI3) released a technical note at market open today on Cornerstone Capital Resources Inc. (TSXV: CGP) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Cornerstone Capital Resources Inc.
- Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.
- Strategic positioning of Cornerstone’s direct and indirect stake of ~23% is extremely valuable and larger than both BHP and Newcrest’s stakes in Cascabel.
- BHP agrees to invest a further US$22M in SolGold (Cornerstone joint venture partner and project operator) to increase its position to approximately 14.7% of SolGold’s diluted share capital.
- Support: S2; $ S1; $ 2.24 Resistance: R1; $2.58 R2; $2.85
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.
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Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this note.