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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

Post by Bobwinson Apr 28, 2007 4:14pm
475 Views
Post# 12691985

newsletter

newsletterI got a copy of Gold Stock Investor today. Company paid report on SAM.v. SAM.v paid $225K to produce and mail out the reports. Does a good job of explaining history of mine and transition from Luismin to Wheaton River to Goldcorp. Also explains existing reserves and why those are probably low. Cites Micheal DesLauriers from ResourceInvestor.com as source of C$2 value now and C$4 in 10 to 18 months as stock gets discovered and company increases production to 58,000 oz per year and explores property with modern equipment. Also mentions Cerro Delores Silver/zinc/lead project with positive feasibility study as an additional positive catalyst. I am going to do some more research on possible cashflow and see if I can verify DesLauriers' estimate of .27 eps for 2007. I will post my findings. Bobwins
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