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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

Comment by northernbullon Dec 10, 2011 11:51am
267 Views
Post# 19309925

RE: News: Kleine retires

RE: News: Kleine retiresIn my opinion, Ralf deserves every one of those options and more. If we all make money here, its pretty much because of him. I wish he would stay a while longer to see us through to the lifting of the hedge. The mine was really struggling before he came in.
Anyone out there been keeping track of the float turnover? My estimates are about 30% of the float has changed hands at the high-teens, low twenties level. A healthy thing for us, that's for sure. The question is, how far are new buyers willing to take the stock with a year left to go on the hedge? Post-hedge, I think $1 is fair, but 13 and a half months out, I wonder where the market will value us? Will it be a 5 cent/month, steady climb, or will we just hang around here until next fall?
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