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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 FANTOMASon Apr 05, 2012 12:48pm
256 Views
Post# 19763649

Downward market spiral for PM stocks

Downward market spiral for PM stocks

There are numerous good companies out there that got severely beaten down over the past few weeks. 

And that's even beyond any "normal" valuation in terms of P/E ratios or in-situ values. 

Unfortunately, nobody knows where the bottom is. There is nothing "normal" there anymore. 

Talking about SAM, the bottom for me is
.30, where I will be heavily on the buy side, if we get to that point. 

FANTOMAS

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