Starcore International Mines Ltd T.SAM

Alternate Symbol(s): SHVLF

Metals & Mining Gold

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

Bullboard Posts

Comment by Teatimenowon Aug 22, 2014 12:42pm

184 Views

Post# 22869553

RE:AJC aquisition

sorry i need to correct myself.
The AJC discount is not that large!

Gotta price out the dividend. Record date is August 29th. thats before the AJC - SAM deal will happen.
So if you price out 0.02$ dividend. you have a fair exchange rate value of 0.18 SAM = 0.06 AJC.

Now if you adjust a 10% risk the deal falls apart: 0.06*0.9= 0.054

Basically AJC a hold at current SAM SP.

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