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.

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Starcore International Mines Ltd

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Post by stopedouton Aug 20, 2014 1:19pm

188 Views

Post# 22860915

divy

If they had announced the divy and not gone ahead with this take over, SAM would be in the mid 20s easily. Take over has over $500000 in debt and is required to make payments of US$900,000 on one property and US$410,000 on another property. The fact that SAM insiders are not arms length stinks.

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