Blow out Q1 earnings! I only expected a slight profit for Q1, but earnings were amazing! Earnings were US$.74M.
Starcore made a profit per equivalent ounce of $740k / 2.895k = $255 profit per equivalent ounce with gold averaging $1831.
Annualized the profit would be US$2.96M. With a market cap of US$11.3M, that would be a P/E of 3.8.
In addition, the company has $5M in cash and the El Creston Property which an old feasibility study assigned an NPV of $485M. There is also the "Opodepe project", which includes El Creston and surrounding properties.