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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

Post by tovitekovichon Mar 24, 2023 10:03am
170 Views
Post# 35358404

STARCORE UP 15% ON THE DAY + COMPANY PERFECTLY DIVERSIFIED

STARCORE UP 15% ON THE DAY + COMPANY PERFECTLY DIVERSIFIED

Starcore up 15% on the day!

Keep in mind that the company is well diversified for the time we are in today, a producing gold and silver mine that give us immediate exposure to gold and silver prices while we have also exposure to exploration and production upside, given the fact that we have a decent cash amount and zero debt puts us in a position that when a market downturn would occur with a strong dollar we have sufficient liquidity for the time ahead, and puts a possible floor on the price of the shares in a case that we would be valued on the cash position alone, that being said add the big copper/molybdenum/gold/silver exploration projects that we have in our hand which are valued at 0 today.

Also be aware, that we are a production company we have all the permits and equipment needed, to put findings directly in to resources and the cash flow whats coming from those findings, there is no delay and no funding needed because we have it already.

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