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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

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. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.


TSX:SAM - Post by User

Post by lawnmoredanon Feb 07, 2007 10:40pm
271 Views
Post# 12184813

Shake Shake Shake

Shake Shake ShakeOh those are weak hands falling by the rodeside.Only to wakeup in the next week or two realising they were totally wrong and there fear got the best of them.On the other side,some M&M is taking out stops creating that fear and buying those shares at a hell of a discount.It you have doubts on what your holding here-Go to www.sedar.com/ and yes you may have to register,it's free and painless.There you go to company profiles select Starcore and look down the list and select Nov/17/06 Tehnical report and inside it you will read over 50 pages of the latest figures past and present on our San Martin mine-In 2006 some 251,508 tons of milled ore was takin out with Au grade g/t3.33 and a Ag grade g/t 47.23 producing 24,942 oz of gold and 195,648 0z silver or a production EqAu oz total 28,105ozAu----- In 2007 production is slated at 29763 oz gold and 213892oz silver or a prodution EqAuoz of 33,034------- In 2008/09 the production EQAuoz is pegged at 35,018--- *So bottom line in /07* (Unhedged =21,684ozX$600.00=$13,010,400.00and(Hedged)=11,350ozX731.00=$8,296,850.00 together equaling **$21,307250.00** GROSS EARNINGS BEFORE DEDUCTIONS --"My,My what a nice problem to have"---HANG ON TO YOUR SHARES! Dan. P.s.I used $600.00 as an average for the unhedged it could be much higher in 2007.
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