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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km northwest of Mexico City, near the towns of Bernal, Tequisquiapan and Ezequiel Montes. The San Martin mine complex consists of eight mining claims that cover 12,991.7805 hectares (ha). Its Kimourko Gold Project is located in the Lac region of central Ivory Coast, about 40 km south of the capital, Yamoussoukro. Its other projects include the El Creston Project, the Opodepe Project, and the Ajax Project. The El Creston molybdenum property is located in the State of Sonora, Mexico. The Ajax Molybdenum Property consists of about 11,718 ha and is located 13 km north of Alice Arm, British Columbia.


TSX:SAM - Post by User

Comment by loosechaingeon Feb 06, 2009 6:07am
423 Views
Post# 15757357

RE: RE: Accordingly

RE: RE: AccordinglyI agree with you that this market has been anemic. The volume was there though. All on the sell side. I have been using a few stocks as proxy for the market and trying to forecast movements going forward. Maybe just fluking right now don't know. Seems to be calling it real good.
Anyway my bias was the cdnx made a market bottom in dec. pnp(pinetree) is a great proxy as it is a collection of everything junior lol. mid tier junior class gold stocks centerra CG and Nova Gold NG. some base metal stocks iron thompson (clm) anvil mining (avm) baja (baj) sherrit (s). I am rolling off the CG chart and using it as the proxy and leader to what is happening and continuing to happen in the juniors. I am starting to see most of the stocks have put in bottoms and are at all different stages of rallying and breaking out of the other side. The higher quality with the higher payback obviously rallying the fastest. We will eventually look back at this period and see that these were probably the cheapest you will ever see some of these stocks.
Starcore is just cheap on cash flow alone.
I don't own all the stocks above.
I watch pnp, clm and avm.
clm and avm had big moves yesterday. 
Every stock has a different story but they all seem to swim with the school. Just the timing is off from the leader to the laggard.
best of luck
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