Starcore International Mines earns $940,000 in Fiscal Q1 Net profit of $940,000 canadian or almost 2 cents a share for the quarter!
Company is now sitting on 5 million dollars canadian in cash or 10 cents a share!
If i was the CEO i would imply a buyback program of up to 500,000 shares for a cash consideration of 150,000 dollars canadian
With that i would strongly considerate to hold back at least 100 gold equivalent ounces each quarter and 1000 silver equivalent ounces and put it in the reserves/ balance sheet of the company.