TSX:SAM - Post Discussion
Post by
tovitekovich on Mar 24, 2023 10:03am
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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