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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 Mar 09, 2016 3:47pm
100 Views
Post# 24640487

Shoutout

Shoutout Although I stand by my reasoning that the price increase lately could have been due to our stronger financial position due to the POG going up, I need to give a shoutout to tdroy for suspecting something was up on the news front.
In my opinion, we are way undervalued right now. This will wipe out the debt, give us breathing room and we're collecting revenue from 2 plants now. 
My only knock on them right now is the reserves situation at San Martin
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