Along the same lines as DGR -SOLG Discount comes a little titbit today from Canadian TSXV -
Share Price Disparity
Cornerstone Resources CGP V SOLG Mkt Cap -
Cornerstone today closed at C$ 0.40 cents - Market Cap C$ 122.27 Million
SOLG today closed at 0.45 British Pence - Market Cap 644.54 Million British Pounds
Todays EX Rate is 1 pound =C$ 1.73 (20/04/17) therefore converted to C$ 644.54 M/P =C$ 1.115 Billion
CGP has 15% of ENSA (Cascabel) until BFS
SOLG has 85% of ENSA (Cascabel)
So the discount disparity factor can be calculated hence -If 85% of ENSA is = C$1.115 Billion how much is CGP share of 15% of ENSA worth.
Therefore it is 15% x C$1.115 Billion divided by 85% = C$ 196.76 Million
Conclusion -If the maths are right CGP Mkt Cap today C$ 122.27 Million Vs C$196.76 Million if all things being equal although CGP is carried through to Bankable Feasibility Study.!!
With DGR holding 14.5% of SOLG the disparity is more marked considering the assets that DGR has although CGP has now the new permits surrounding Cascabel among others
Always difficult to compare stocks but the similarities are pronounced and are made more so by the current success of SOLG for both DGR and CGP.
The same interest in what is going to happen with SOLG is just as much debated by holders of CGP
as it is for holders of DGR
thanks to jlonden for the calculations
DYOR
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Change
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Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 4779886 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 77788 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
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