RE:Q3 Results - Stay rationalEven you have to admit that Starcore needing gold to be at or near all time highs just to turn a profit is not a healthy situation. Just a couple years ago we were LITERALLY trading at pennies because the company was facing iinsolvency and possibly bankruptcy. Gold price turned upwards just in the nick of time, Now we are just treading water and just "surviving" in a market in which miners should be thriving in terms of their balance sheet,
Sure, the Moly story could turn out to be a golden goose. They MAY find better grades at the mine. Maybe Westward Gold finds something and those shares from Toiyabe disposition become worth something but that's a lot of wishful thinking and pipe dreams.
Every penny stock has their hyped "maybe someday" projects that's going to potentially make you big $$$. A tiny number pan out and most never do.