Starcore International Mines Ltd (SAM)

[KaiserSoze]

Troy,

I understand shareholders could get frustrated by missed timelines, but the truth of the matter is:
- company generates $10mm of operating cash flow annually and is debt free
- company just paid a 10% dividend (not sure if they will keep paying it...it maybe a wise move to pay it quarterly going forward)
- company plans to buy back $1mm worth of shares in 2015

On the surface, and fundamentally, this is a no brainer! Should have a market cap of at least $50mm - $75mm.

My personal opinion is that the market believes that the current mine is on the verge of being extinct, even though management keeps announcing new reserves.

I'm also holding (got in at 22 cents), but it's very frustrating seeing this go down a penney at a time.

[Troy--]

Hi KaiserSoze, welcome to the board.
It is a bit dumbfounding that we find ourselves at .14 cents today... feels like just last month I was cashing a few thousand dollar dividend cheque courtesy of Sam - oh right, it was last month - literally!

I think unfortunately they over promised and under delivered for a few years and seemed to use the dividend like a carrot at the end of a stick. they promised a few things with a few different timelines that never seemed to pan out...everything always took longer then they lead folks to believe and a lot of longs started to lose confidence in the idea of ever getting a dividend amongst other things.

now, besides increasing reserves and extending mine life through their self funded drill program they have done what they said they would do.

I think SAM on paper doesn't look bad. profitable. dividend paying. debt free. money in the bank, tons of unexplored land makes for great opportunities. they have a self funded drill program on the go which hopefully helps with extending proven/probably reserves. they have a lot more going for them then most junior minors. I feel like we need some major publicity/promo in order to make sure people are aware of our little engine that could because most people just don't seem to have ever heard of them.

I too, believe that SAM should be trading considerably higher which is why i still hold the shares that I do and have never sold any.

[Troy--]

Starcore Reports Fiscal 2014 Results
complete article here Starcore.com

Vancouver, B.C. -- Starcore International Mines Ltd. (the "Company") has filed the results for the year ended July 31, 2014 for the Company and its mining operations. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed on the Company's website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Year Ended July 31, 2014 Highlights:
Earnings from mining operations was $8.6 million, or 26% of gross revenue, compared to $8.3 million, or 27% of gross revenue, in the prior year.

Earnings before income taxes for the year was $5.0 million compared to $4.1 million for the prior year. Net Earnings after taxes for the year was $3.0 million, or $0.02 per share compared to $4.7 million, or $0.03 per share for the prior year.

In 2014 Tax Reform in Mexico created a 7.5% Special Mining Duty ("SMD"). The Company has taken the position that the SMD is an income tax under International Accounting Standard. As a result of these Tax Reform changes, the Company recognized a one-time non-cash deferred income tax expense of $2.4 million due to the future income tax impact of the SMD.

The mine improved ore grade for the year averaging 2.55 g/t and 24.2 g/t for gold and silver, respectively, compared to 2.36 g/t and 21.0 g/t for the prior year, respectively.

Overall metal production was much higher for the year at 24,000 equivalent ounces ("EqOz"), compared to 20,100 EqOz in the previous year. This is mainly as a result of improved ore grades and due to ore recovery issues experienced in the first two quarters of fiscal 2013.

Mine operating cash costs decreased overall to US$750/EqOz compared to US$844/EqOz in the previous year due mainly to higher recovery and metal production. All-in Sustaining Costs, which includes sustaining capital expenditures, exploration, reclamation, corporate and administrative and share-based compensation cost were US$1,093/EqOz, compared to US$1,194 in the prior year.


"We continue to build on the strengths of our mine, being low costs and consistent production, reaching our targets each year. We are currently in a very good cash position, even after having paid our first dividend last month of $2.9 million." said Robert Eadie, President and CEO of Starcore.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties which are exclusively located in Mexico.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Gary Arca"
Gary Arca, Chief Financial Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

GARY ARCA
Telephone: [phone]
Facsimile: 1-604-602-4936

EVAN EADIE
Investor Relations
Telephone: [phone]
Toll Free: 1-866-602-4935

[KaiserSoze]

Troy you seem to have been around for a long time. Based on what I see, this stock is way undervalued. Should be trading at 50 cents in my opinion. In your opinion, why do you think it is so undervalued? What am I missing?

[Troy--]

ONLY 2 DAYS LEFT to Purch. Shares and Receive SAM Dividend!

You need to be a shareholder of record on Aug 29th in order to be eligible for the first annual SAM dividend of .02 payable Sept 30, 2014. Nothing like a quick 9% return on your investment!

[Troy--]

Starcore Declares a Dividend!!!

http://www.marketwired.com/press-release/starcore-announces-payment-dividend-shareholders-normal-course-issuer-bid-proposed-acquisition-tsx-sam-1939873.htm

[Troy--]

Starcore Produces 24,037 Gold Equivalent Ounces in Fiscal 2014

Re: News - Monday, August 11, 2014
Title: Starcore Produces 24,037 Gold Equivalent Ounces in Fiscal 2014
________________________________________
Vancouver, B.C. - Starcore International Mines Ltd. (the "Company") announces production results for the fourth quarter of the fiscal year ending July 31, 2014, at its San Martin Mine in Queretaro, Mexico.

Over the 3 months, the San Martin mine processed 77,768 tonnes of ore at an average grade of 2.42 g/t gold and 25.73 g/t silver resulting in the production of 5,749 gold equivalent ounces using the actual gold:silver ratio of 64.6:1. This production represents an increase in production of 411 equivalent ounces from the previous quarter.

Mill recoveries averaged 86.7% for gold and 50.7% for silver during the fourth quarter.

In terms of the fiscal 2013-2014 year, production totaled 24,037 gold equivalent ounces from 308,610 tonnes milled, consisting of 22,018 ounces of gold and 126,519 ounces of silver using a gold:silver ratio of 62.67. Ore grade for the fiscal year averaged 2.55 g/t gold and 24.2 g/t silver with recoveries of 87.1% for gold and 52.7% for silver.

In comparison with the recently ended fiscal year to the previous 2012-2013 fiscal year: 1,268 more tonnes were milled, gold grade improved 8.5% and gold recovery improved 10.4%. Despite a change in gold:silver price ratio from 54.6 to 62.7 resulting in lower contribution to equivalent ounces from silver, gold equivalent ounce production was 18% higher than the previous fiscal.

"The production of an average of 2,000 equivalent ounces per month is a significant achievement for the operational team at San Martin resulting from successful exploration, mine planning and plant operation, said Robert Eadie, President and CEO of Starcore. "Congratulations to all involved!"

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, Executive Chairman, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: [phone]
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936

[woodtick27]

Very interesting but no eyes on Starcore.

In the financials looks like we have just shy of $10M in cash and investments. Looking good

[Troy--]

Starcore Earns $1.24 million in the Second Quarter
Vancouver, B.C. - Starcore International Mines Ltd. (the "Company") has filed the results for the third quarter ended April 30, 2014 for the Company and its mining operations. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed on the Company's website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Third Quarter, April 30, 2014 Highlights:
• Earnings from mining operations was $2.0 million, or 29% of gross revenue, compared to $2.4 million, or 29% of gross revenue, in the prior quarter;
• Income for the quarter was $1.24 million, or $0.01 per share compared to $1.6 million, or $0.01 per share for the prior quarter;

• The mine ore grade was lower for the quarter averaging 2.34 g/t and 22.9 g/t for gold and silver, respectively, compared to 2.55 g/t and 21.3 g/t for the prior quarter, respectively.
• Overall metal production was lower than the second quarter at 5,338 equivalent ounces ("EqOz"), compared to 6,028 EqOz in the previous quarter. The third quarter is typically the most difficult because it covers a shorter time period due to February being the shortest month of the year and to "Holy Easter Week" celebrations with vacations impacting throughput at the mine, and this year the early arrival of the rainy season caused some short unexpected grid power interruptions;
• Mine operating cash costs increased to US$833/EqOz compared to US$718/EqOz in the previous quarter due mainly to lower production. All-in Sustaining Costs, which includes sustaining capital expenditures, exploration, reclamation, corporate and administrative and share-based compensation cost were US$1,066/EqOz. (for the third quarter only).

"Although we were short of our internal target for the quarter, the Company continues to outperform the previous year's production. We are very cognizant of shareholder value and of building the company on behalf of shareholders. We believe this is a time to be prudent, save money, reduce costs, and have the company in a position of strength to weather any unexpected financial storms. Our vision remains steadfast," said Robert Eadie, President and CEO of Starcore.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties which are exclusively located in Mexico.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Gary Arca"
Gary Arca, Chief Financial Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

GARY ARCA
Telephone: [phone]
Facsimile: 1-604-602-4936

EVAN EADIE
Investor Relations
Telephone: [phone]
Toll Free: 1-866-602-4935

[Troy--]

Starcore Produces 5,338 Gold Equivalent Ounces in 3rd Quarter

Re: News - Friday, May 30, 2014
Title: Starcore Produces 5,338 Gold Equivalent Ounces in 3rd Quarter
________________________________________
Vancouver, B.C. — Starcore International Mines Ltd. (the "Company") announces production results for the fiscal 2014 third quarter, ending April 30, 2014, at its San Martin Mine in Queretaro, Mexico. During the third quarter, the San Martin mine produced 5,338 gold equivalent ounces.

The third quarter is typically our most difficult because it covers a shorter time period than other quarters mainly due to February being the shortest month of the year. The third quarter also contains "Holy Easter Week" celebrations with vacations impacting throughput at the mine, and this year the early arrival of the rainy season caused some short unexpected grid power interruptions.

Despite these issues, the mine produced 5,338 gold equivalent ounces during the quarter representing an increase in production of 4% from the same quarter in the previous year. A total of 75,375 tonnes were milled during the quarter at an average grade of 2.34 g/t gold and 23 g/t silver. Mill recoveries averaged 86.3% for gold and 51.4% for silver. Based on the metal prices during the quarter, a gold silver equivalency factor of 64.2:1 was realized for production.

"Although we were shy of our target for the quarter, the Company continues to outperform the previous year's accomplishments," said Robert Eadie, President of Starcore. "We will continue to improve production as management remains steadfast in its commitment to deliver shareholder value and enhance our asset base."

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, Executive Chairman, President & CEO

[Troy--]

and if they only needed to give up $2.5MM a year for dividend payments i have to think that doesn't even use a quarter of our cash reserves today. it makes us patient shareholders happy that they have followed through on their promise. it drives more folks to the stock and they can continue to bank money throughout the year quite comfortably.

still leaves them money in the bank they can use for acquisition as well, i know Eadie has talked about that. declare the dividend, increase S/P and then our shares can be better leveraged in an acquisition that includes cash + shares.... you don't get much leverage off a 15 cent share!

[woodtick27]

I would thinks so unless something went drastically wrong. I know I am still looking for that dividend. Right about now it would be nice and it would help the share price a bit. say $0.015/year would be very doable as long as they keep producing at the current rate. JMHO here.

Woodtick

[Troy--]

Hey Woodtick27. agreed; very slow. no updates or progress reports or anything. it feels like its been ages since the last report.

hoping for some positive news we need a nice kick start here. we have to have over $10MM in the bank at this point

[woodtick27]

Wow this has been a slow play in the last little while. Nothing new but all is good as far as anyone knows or hears

[Troy--]

Eadie (CEO) at the Vancouver resource show.

Just came across this youtube video of Robert Eddie at the Vancouver resource show earlier this year; not sure if it's been posted before or not. Interesting.

[Troy--]

Starcore Earns $1.6 Million in the Second Quarter

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 5, 2014) - Starcore International Mines Ltd. (TSX:SAM) (the "Company") has filed the results for the second quarter ended January 31, 2014 for the Company and its mining operations.

You can read more here.

http://www.juniorminingnetwork.com/junior-miner-news/news-releases/372-tsx/sam/25510-starcore-earns-1-6-million-in-the-second-quarter.html#.Uxc8ZxbBp_0

[LoriiJ]

TYVM!

[Troy--]

Interim Financial statement issued tonight
sedar filing link is here

http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009020

[LoriiJ]

Lots of great gains as a result of gold's movement alone. Positive press from these miners with regard to year-end, quarterlies and contracts are the cherries on top! GLTA!

[Troy--]

nice gain since last week; its nice to be back on the upward trajectory with SAM.
more position news keeps coming this time in the form of continued positive production results and the price of gold is up nicely recently as well only helping us build even more of a cash cushion for future dividends!

[woodtick27]

News out this morning. They keep on tickin

Starcore Posts Third Consecutive +6,000 Ounce Quarter (ccnm)

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 17, 2014) - Starcore International Mines Ltd. (the "Company") (TSX:SAM) announces production results for the fiscal 2014 second quarter, ending January 31, 2014, at its San Martin Mine in Queretaro, Mexico. For the third consecutive fiscal quarter, the San Martin mine has produced more than 6,000 gold equivalent ounces.

During Q2, a total of 78,509 tonnes were milled at an average grade of 2.55 g/t gold and 21 g/t silver, resulting in the production of 6,028 gold equivalent ounces. This represents an increase in production of 21% from the same quarter in the previous year.

Mill recoveries averaged 86.8% for gold and 51.9% for silver. These recovery rates compare very favorably to Q2, 2013 when recoveries were 79.7% for gold and 55.2% for silver.

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Robert Eadie, Executive Chairman, President & CEO

[Troy--]

SAM UP, GOLD UP!

Gold is over $1300/oz... we're getting closer to the dividend gold price! [$1450]
SAM hitting .24 is great to see. .25 is our new 52 week high so we're pushing new ground. its nice to see us edge back up after wallowing in the teens for so long

[Troy--]

Interview with Robert Eadie at the Cambridgehouse Conference

This was shared on another board so I thought i'd move it over here.
The link is to a recent interview with Robert Eadie

[Troy--]

SAM NEWS IS OUT.
not great news about exploration, besides the fact that it was paid for with cash and not expensive borrowed capital... but the production is up and we continue to be a small junior miner with no debt that is cash flow positive!


Jan 30, 2014
Starcore Posts Best Annual Production since 2007; Company Reports on AGM Results and Drill Programs
Vancouver, B.C. -- Starcore International Mines Ltd. (the "Company") announces production results for the calendar year ending December 31, 2013, at its San Martin Mine in Queretaro, Mexico.

During 2013, a total of 306,941 tonnes was milled at an average grade of 2.66 g/t gold and 24 g/t silver resulting in the production of 24,425 gold equivalent ounces. This represents an increase in production of 27% from the previous year.

Mill recoveries improved from last year and averaged 84.75% for gold and 54% for silver. Silver recoveries returned to the typical rates during the year, and the gold recovery improved from the 78% achieved in 2012.

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has approved the technical information contained in the above production results.

The Company also reports on the results of its Annual General Meeting of Shareholders held on January 28, 2014:
The following individuals were elected as directors of the Company: Robert Eadie (Executive Chairman, President & Chief Executive Officer), Gary Arca (Chief Financial Officer), David Gunning (Chief Operating Officer), Cory Kent (Corporate Secretary), Ken Sumanik, Federico Villaseñor, Jordan Estra, Serge Depatie and Michael Gunning;
Deloitte LLP, Chartered Accountants, was reappointed auditor of the Company;
the Shareholder Rights Plan was approved;
the Advance Notice Policy was approved; and
the proposal to continue the Company's 20% rolling stock option plan did not receive the required shareholder approval. "We have heard what our shareholders have said and are listening," said Robert Eadie, President & CEO of the Company.
In other news, the Company reports that preparations are underway for the commencement of the 2014 drill program to explore for and expand its San Martin resources.

The focus for the 2014 program will be to assess areas outside of the immediate mine area where isolated drilling in the past has indicated mineralized structures that have yet to be followed up.. A 5000-metre drill program is planned for 2014.

Permitting will commence once drillhole sites are finalized.

At the conclusion of the prior year's drill program, the Company reviewed the results of the program against the backdrop of its principal objective for 2013 which was to discover gold / silver mineralization in a new structure immediately west of the San Martin -- San Jose mineralized trend, close to existing underground infrastructure. Any such new zones could then be quickly added to the known reserves. As a result of the drill program it is now known that the rock units situated immediately west of the mine area are host rocks unfavourable for the types of mineralization in the mine. No further work is recommended in this area at this time.

Gary Woods, P.Geo., Exploration Manager, Starcore's qualified person, has reviewed the contents of this release for accuracy as it relates to the report on the 2013 and 2014 drill programs, and has approved this press release on behalf of Starcore.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties which are exclusively located in Mexico.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

[woodtick27]

Hey fancy meeting you here! Been a long time no chat!

SAM is a small gold mining co. Debt free, record production, talk of a divi, land they are looking at selling, 8Mill cash in the bank. Only thing we are waiting on right now is Drilling results to expand Mine life. They have been going on since start with drilling and increasing reserves for only 2 years. I hope now they are seeing the light and plan on increasing reserved for 8-15 yr. Would help us out a pile.

Woodtick

[Dobie Lama]

greetings w-tick,
what's going on with SAM?

[Troy--]

Gold is at $1255 this morning which means
we're only $195 away from a Starcore Dividend!!

[Troy--]

Thompson Reuters StockReports+ Upgrades SAM to 10/10

check out the latest Thompson Reuters StockReports+
Sam has just been upgraded back to a 10/10 score which ranks it amongst a select group of just 71 stocks to hit that exclusive 10 out of 10 score!

better times are ahead!

[Troy--]

Thompson Reuters StockReports+ Upgrades SAM to 10/10

check out the latest Thompson Reuters StockReports+
Sam has just been upgraded back to a 10/10 score which ranks it amongst a select group of just 71 stocks to hit that exclusive 10 out of 10 score!

better times are ahead!

[woodtick27]

I'm OK with these points.

That's what i like about Starcore. Cost of production is low enough and profits coming in.

We keep increasing production.

The have goals of dividend even if they require 1450/oz gold. I do believe that they need to increase mine life reserves. I would personally like to see >8 yr. Once that happens we could see alot more demand from fund investment.

Just my thoughts of the topics.

Woodtick

[Troy--]

Vancouver resources investment conference


This message was posted on the stock house message board for SAM and i asked if i could share it here on investors hub with you guys.

-------------------------
I have an opportunity to stop by the booth of Starcore today and talked with the CEO. The following points are very interested:
1. The Company is profitable and the gold production cost is aroung $850/ounce
2. The current production of gold is around 6000 ounce/quarter.
3. When the price of gold surpasses $1450/ounce, the dividend will be annouced, otherwise, the company will just use the profit to grow the company.
GLTA
--------------------------

[Troy--]

great find, thanks for sharing where you heard of SAM from. I think that would certainly explain some of our higher volume days in the end of December and beginning of January

[LoriiJ]

Thank you and I echo those thoughts and thus bought in. This is what initially piqued my interest;

Company Scores Very Good Fundamental Grades - MarketGrader currently has a BUY rating on Starcore International Mines Ltd. (SAM.CA), based on a final overall grade of 74.3 scored by the company's fundamental analysis. Starcore International Mines Ltd. scores at the 98th percentile among all 5925 North American equities currently followed by MarketGrader. Our present rating dates to December 20, 2013, when it was upgraded from a HOLD. Relative to the Precious Metals sub-industry, which is comprised of 154 companies, Starcore International Mines Ltd.'s grade of 74.3 ranks third. The industry grade leader is Endeavour Silver Corp. (EXK) with an overall grade of 79.2. The stock, up 37.5% in the last six months, has outperformed both the Precious Metals group, down 6.76% and the S&P 500 Index, which has returned 9.06% in the same period.

[Troy--]

updated news feed

for some reason our msg board was displayed news from SAM [same adams beer] and not TSX:SAM [starcore international mines]

I emailed the folks at investors hub admin....it has now been corrected and the news feed displays properly

[Troy--]

I spoke to Evan before Christmas about drilling. I asked him how long drilling took and then how long after that before we'd have results processed. dont quote me on this because it is an old conversation now but i thought i remembered him telling me drilling would take about a month and then the results shouldn't take too long to determine because they already had the people ready to go & systems/processes in place to get through it right away. i asked what does that meant 1 week, 1 month, 1 year, etc. and he said within a few weeks.

i'd say that brings us into early January or sooner....and since sooner is already done and so is early January.... results should be here in day now i guess!

[woodtick27]

Have you been in contact wit IR? Timeline for release of drilling results? I would think with all the share volume lately that someone knows something.

[Troy--]

Welcome aboard loriiij, I think you will be a very happy investor sooner then later. Sam is a winner and the more that know the higher we go!

[LoriiJ]

Trying to initiate a position. :)

[Troy--]

The more that know, the higher we go!
the new SAM modo haha.

i try to post here every single day just to keep us at the top of the CDN miners active board list.

[woodtick27]

Nice to see large lots going through wiping out the $0.22's. Somebody knows something. I have been trying to get the word out about this little co. as well. All I know is we shouldnt be sitting in the 20s we should be in the $ range by now. This thing will explode to the upside one of these days. Just a waiting game now.

Woodtick

[Troy--]

We have a 9 out of 10 score in Thompson Reuters StockReports+ which ranks SAM in the top 15% of all stocks scored in their system [and they rate most stocks!]

this includes a 10/10 in fundamentals for SAM.

nice volume early on this morning. a lot to be excited about coming up!

[Troy--]

nice to see support @ .22
...and .22 is 1 step closer to .23.and so on and so forth!

[Troy--]

Starcore has updated their website. It has now a series of changing texts on the main page about their community, their mine, shareholder value, etc. really well done.

I happen to like this quote the best.


Our Mine
We are of the firm belief that unlocking the potential of San Martin is the key to increasing shareholder value. Armed with this singular purpose, we have forged ahead with our exploration and drilling programs which continue to increase our reserves and extend our mine life.


Doesn't that kind of sound like the drill program is complete and was successful? time will tell!

SP is still 8 cents below our own book value. gold has made some gains in 2014. SAM will have lots of positive news to share this year. This is the year SAM goes back over a buck!

[woodtick27]

Doing some research on Starcore. Found that Mining companies in Mexico are taxed almost none. They average about 0.004% of gross profits.

A similar situation with mine Starcore International Mines, in San Martin, Querétaro, which paid 3.2 million pesos

http://re-volucionarte.blogspot.ca/

Definitely money to be made at those rates.

[Troy--]

up 7.69% today. Lets hold on to that and add some more tomorrow!

[Troy--]

Book valued alone on our SAM shares is 50% higher then the current SP and slightly higher even then our 52 week high. Time for a rally I'd say!

[woodtick27]

Nice n clean! Good job on the new board intro page!

[Troy--]

I just updated the intro notes to this board. Cleaned it up a bit and put the most promising trends for SAM in plain/clear text at the top so its readable as soon as you land on this board.

does anybody else have any other suggestions for what should be included up there?

hoping now when people stumble across this stock board they wont be scared off by the inactivity of the board or the massive text intro. Now they can read it, get up to speed with the most important facts and gather interest quickly ...and then hopefully feel inclined to participate in a conversation and in spreading the word about SAM!

[lemon]

I think it's up to Starcore's CEO to determine how to get the word out about what's going on with his company..no trades at all today. There is news on it's way? Pushing it higher will depend on the news and whether folks can verify what is stated, IMO


Happy New Year!!!

[Troy--]

it makes no sense that our PPS is as low as it is; agreed we need more folks to know about it so we're not flying so far under the radar. any idea how we can do that?

we did 6300 oz 2 quarters ago and 6900 oz last quarter... so between 2000 & 2300 oz a month with no debt to pay off and tons of positive influenes in the short term pipe.

this should already be considerably higher, with news on its way that should push us higher still!