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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Metals & Mining Industrial Metals & Minerals
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

Starcore International Mines Ltd
Bullboard Posts
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(1)
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Comment by Cokedrunkon Sep 01, 2007 11:25am
295 Views
Post# 13331859

RE: Share price

RE: Share priceAt 50 cents it is trading at 2.5 times earning. It had an operating profit of $3 million last quarter X 4=12 million yearly profit. Really undervalue. I bought 5000 shares of this at that price. Will accumulate more if it goes down more. The second quarters will come out soon. Maybe it will capitulate before then. Will take the opportunity to scoop more shares if it do.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities