Starcore International Mines Ltd T.SAM

HOLY MOLY MOLYBDENUM IS TRADING AT ALMOST 20 BUCKS

[himmligr]

Looking today at molybdenum can say one thing WOW that was fast almost 20 bucks right now, even traded above 20 few days back.. What was the npv on el creston at what prices?

[AlfTanner]

There are not any Molybdenum stocks to trade anymore.  They all went bankrupt.  Starcore International needs to change its name to Starcore Moly.

[tovitekovich]

El Creston has a net present value of $561,900,000 with a IRR of 22.3% at a molybdenum price of $15,00 a pound and $2,60 a pound of copper.  

[AlfTanner]

For anyone interested, here is the preliminary economic assessment on El Creston from 2010.  It shows the NPV of $561M with $15 molybdenum and $2.60 copper. https://starcore.com/site/assets/files/5621/starcore-elcreston-book.pdf This stock has a market cap of $10M, it is operating a profitable gold mine, and it has a project with a value of $561M.  When this stock is "discovered

[himmligr]

Thanks tovi & alf at these price fast calculation is over 800 million. nice thing is that starcore planned to drill the creston deposit on gold if they hit we could be sitting on big amounts of gold, what would lift the npv even further, that fact alone would make this a great resource play besides the copper and moly and the producing san martin mine. ceo stated that the copper portion could