RE:RE:RE:RE:RE:isDiamond, no I don't think Sprott got in for pennies, but I suspect he wants the company to grow and also realizes that San Martin must grow its reserves or metal prices must go up in order to make big cash. You are confusing what the company 'could be worth' with what the company is 'currently worth'. You can't gamble huge money to buy a mine with 2 years of proven resources that would equate to profits of maybe 2% of the purchase price you suggested. You have been posting for years about Starcore going to the moon, but never any numbers. Never any substance. Please outline your math for a $2.50 buyout. Is it based on current commodity prices? Reserves? A sensible ROI for the buyer?
its still a good investment. We are not bashers. Real chances at 3-500% return in a decent timeframe is more exciting to most than sheer speculation of a miracle. Could $2.50 happen? Sure, maybe someday if a few things happen and the market changes.
Also, in regards to Eric Sprott not in it for pennies, you seem to forget that he bought in big before and left with a profit that wasn't dollars. Nonetheless I'm sure he was happy and I'm sure if someone were to offer us 50 cents/share today that he'd be pounding the table to take it. He's smart and knows to take profits where he can get them in a tough market.