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Bullboard - Stock Discussion Forum Starcore International Mines Ltd SHVLF


Primary Symbol: T.SAM

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America.... see more

TSX:SAM - Post Discussion

Starcore International Mines Ltd > Marketcap almost the same as the companies cash
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Post by tovitekovich on Jul 14, 2022 4:46pm

Marketcap almost the same as the companies cash

Marketcap: 11.4 million CAD (57.000.000 shares x 0,20 including the recent private placement)

Company has 8.5 million in cash and zero debt.

Meaning that our mining operation and exploration projects at the moment are valued at 2.9 million CAD.

San Martin and all future production + equipment with a total land package of almost 13000 hectares explored only 11% of the property.

El Creston with over 55000 meters drilled and a well defined molybdenum deposit with exploration upside for gold, silver and copper with a total landpackage of 14451 hectares.

And lastly the Ajax molybdenum property with 1718 hectares samples showed molybdenum, silver copper tungsten and cobalt, zinc, lead and bismuth.

Starcore has a landpackage that is over 29000 hectares that is 290+ square KILOMETERS. (San Martin + El Creston + Ajax )

Comment by ibaru55 on Jul 15, 2022 1:52am
This post has been removed in accordance with Community Policy
Comment by moorage on Jul 16, 2022 4:20am
NOT TO FORGET -- >>   $194 million valuing Creston Moly On February 19, 2015, the Company acquired all of the shares of Creston Moly from Deloitte Restructuring Inc. in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. at a purchase price of CDN $2 Million. In June, 2011, Mercator Minerals Ltd. (“Mercator”), a TSX listed company, acquired Creston Moly in a cash and ...more  
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