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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 tovitekovichon Mar 22, 2022 7:56am
120 Views
Post# 34533655

RE:RE:Q3 Results - Stay rational

RE:RE:Q3 Results - Stay rationalGpwild i can understand your feeling of some sort of frustration, but it is very important to know that stocks can trade a very long time below fair value. Even IF Starcore would be insolvent and they would declare bankruptcy, our bookvalue is much much higher than our current marketcap. And you need to acknowledge that our current marketcap is a joke right? what are we trading today? 11 million, half the marketcap we have in cash, if you compare our business to a random junior resource company with no production at all, a few holes in the ground and some exciting story of what if or what could be, they are trading actually higher than our total marketcap and most of the time they have zero cash so they need to print shares like water,Starcore doesnt have to do that we have a very strong share structure. The thing with Starcore is, is that the market is valueing us as a mini goldminer with a to high aisc, and that is where the opportunity lies in my opinion, and don't under estimate our current cash position even if starcore would do nothing and we mine at a loss of 400k we could do that 3.5 years quarter after quarter. And then the next question is what are our moly projects worth? Creston moly corp was once aquired for around 194 million dollars, we have these assets aquired for less than 2.5 million, everything i can point to, its undervalued.... IN MY OPINION. Look at the prices of molybdenum almost up 200% since 2016, keep in mind molybdenum markets are very illiquid and can be very explosive (uranium like).  What is Starcore for me? A small gold prducer with production and exploration upside, with that rises the possibility of a dividend in my opinion, a lot interesting side projects very undervalued again in my opinion, decent cash position, steady management, environment focused, strong share structure... i dont know what more to expect from a junior miner? right. And we dont have influence on the market if gold goes down and oil keeps ticking up than yes management needs to execute on that and find a solution, but we have money, we have a mine , we have permits , equipment, big moly resources, copper, gold silver and a big fat land position and that all for 11 million CANADIAN.
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