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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 clarkesandyon Sep 30, 2010 11:26am
406 Views
Post# 17511966

Talking to IR.

Talking to IR.Grades are improving, the hedge that they are in is getting closer to completing.
Anything over the set amount is set at the today's price, so that is good news.
Drilling everyday, which could result in some great price movement if they can hit some decent grades.
Mexico is miner friendly, the weather is good all year around, good management, and geologists, and huge property potential.
IR is baffled at the price and says the big holders are buying shares at these prices and holding for the day where we are back over a buck.
I think that is a good price.
And I am adding more at these levels for the long run.
Buy now, wait a bit, and sell half and keep the freebies.
Things are getting hotter with gold and silver going higher.
Both metals which SAM holds lots of.
Keep those drills going.
Maybe add a few more drills, for it seems the market wants drill results and not low production numbers.
Glta
CS
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