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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.


TSX:SAM - Post by User

Starcore International Mines Ltd
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Comment by moorageon Oct 14, 2020 2:04pm
115 Views
Post# 31714897

RE:RE:RE:RE:RE:RE:Reserves

RE:RE:RE:RE:RE:RE:Reserves

Share price $1.40 ?

( Simple mathematics ! )

Here is this calculation:

I calculate forward earnings at around $7m at current gold prices, and a 10x multiple on that gives a market cap of $70m and a share price of $1.40. Of course, the multiple is arbitrary, and it went much higher in 2016, as well as a little lower in 2012, but I prefer to use a conservative 10x.


https://ceo.ca/sam?955fbff204cb
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities