Fresh off a $1.3 billion exit from Arizona Mining – prolific resource investor Tookie Angus is looking for his next big score.
As a little recap: Tookie Angus was the original owner of Arizona Mining’s Hermosa Project – before selling it and remaining a long-term investor.
In fact, Tookie has a strong knack for being involved in acquisitions – here are some examples:
He served as a Director of Canico Resources until its takeover by Brazil’s CVRD in 2005.
Director of Bema Gold until its takeover by Kinross Gold in 2007.
Director of Ventana Gold until its takeover by AUX Canada Acquisition in 2011.
And a Director of Plutonic Power until its merger with Magma Energy in 2011.
We recently interviewed Tookie on Palisade Radio to get his insight on the coming gold bull market and what companies are on his radar. Highlighted is another Palisade investment – Rover Metals (ROVR.V).
Thus, with his extensive experience and history – we are very excited with his appointment to the Advisory board of Cornerstone Metals Inc (V:CCC).
In our minds – not only does this validate Cornerstone as a great investment, but also expedites a coming acquisition.
Cornerstone’s CEO, Paul Cowley, specifically mentioned Tookie’s track record in takeovers as a major reason for bringing him aboard.
This makes Cornerstone Metals our top vanadium play – by far.
And here are some reasons why.
– Attractive future vanadium supply/demand fundamentals
– In a safe mining location
– Enormous high-quality asset
– Extremely cheap relative to intrinsic value
– Attractive Recovery Rates
– Quality Managerial Team
– And significant resource expansion upside
Cornerstone has an upcoming drill program in the fall. And is fast-tracking towards a Pre-feasibility Study (PFS) for 2019.
Ten million shares became free-trading yesterday and the stock is holding strong – a testament to their flagship project and the investor base it’s attracted.