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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 tovitekovichon Mar 24, 2023 10:03am
127 Views
Post# 35358404

STARCORE UP 15% ON THE DAY + COMPANY PERFECTLY DIVERSIFIED

STARCORE UP 15% ON THE DAY + COMPANY PERFECTLY DIVERSIFIED

Starcore up 15% on the day!

Keep in mind that the company is well diversified for the time we are in today, a producing gold and silver mine that give us immediate exposure to gold and silver prices while we have also exposure to exploration and production upside, given the fact that we have a decent cash amount and zero debt puts us in a position that when a market downturn would occur with a strong dollar we have sufficient liquidity for the time ahead, and puts a possible floor on the price of the shares in a case that we would be valued on the cash position alone, that being said add the big copper/molybdenum/gold/silver exploration projects that we have in our hand which are valued at 0 today.

Also be aware, that we are a production company we have all the permits and equipment needed, to put findings directly in to resources and the cash flow whats coming from those findings, there is no delay and no funding needed because we have it already.

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