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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

Comment by northernbullon Sep 07, 2012 11:37am
238 Views
Post# 20332140

RE: I like SAM

RE: I like SAM

Perhaps the fact that we didn't take a nose dive like most other miners this year is slowing us up a bit? Some will be taking profits, but many buyers are probably looking for companies who got beat up badly for faster upside perhaps? We deserve to be higher, and will be shortly I think. Gold is just a small step from being $200 higher than the price we bought out the hedge at. We'll be a few million dollars further ahead than we expected to be by January! Should be able to get the loan off the books easily, perhaps even early, and then have substantial free cash flow for that dividend!

I can't paste my level II, but there's a little less than 300k on the ask between here and 42.5, but then its almost wide open. I'm sure some sellers will appear, but there is light overhead.

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