Starcore International Mines Ltd T.SAM

Blow out Q1 earnings!

[AlfTanner]

I only expected a slight profit for Q1, but earnings were amazing!  Earnings were US$.74M.  

 

Starcore made a profit per equivalent ounce of $740k / 2.895k = $255 profit per equivalent ounce with gold averaging $1831.

 

Annualized the profit would be US$2.96M.  With a market cap of US$11.3M, that would be a P/E of 3.8.

 

In addition, the company has $5M in cash and the El Creston Property which an old feasibility study assigned an NPV of $485M.  There is also the "Opodepe project", which includes El Creston and surrounding properties.

 

[tovitekovich]

* $940k ;)

[AlfTanner]

One of the only complaints I have about this company is that they should really report earnings in US Dollars.  Most investors expect mining companies to report in USD.

[himmligr]

The company is listed in canada the marketcap is reported in canadian dollars it is much easier to calculate ratios when reported in candian dollars instead of us dollars

[AlfTanner]

himmligr, every other Canadian mining stock I own reports everything in US Dollars.  Gold is almost always quoted in US Dollars.  This stock needs to attract U.S. investors.  Who cares where they happen to be listed?  There is a U.S. stock listing also, SHVLF.  The mine is in Mexico.  Should they report in Pesos?  Of course not.   This is simply a

[himmligr]

alftanner i understand you but me i have no problem with it yes maybe it is standard to report it in us dollars but income statement is always very clear about the fact that it is in cad dollar maybe you could contact them and ask if they can make the report in cad dollar as well as in us dollar