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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 Oct 19, 2015 5:28pm
87 Views
Post# 24206320

RE:RE:RE:is there

RE:RE:RE:is thereI tried to point out that no rational buyer would pay even the slightest premium in this market, so if you're happy with current prices as a buyout, you should sell in to the open market. No one pays up for your infrastructure/mill if you have 2 years of proven reserves only. It's simple. Who could justify that to their shareholders?
I am not happy with current prices, so I have no choice but to hope for better market conditions in the future that could make our mine more profitable or make the moly property a huge windfall for us.
I have accused you in the past of having no substance in your posts, so in order to be fair, I'd like to hear the fair price you have in mind and what justification you have for such a price.
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