Starcore International Mines Ltd (SAM)

[Troy--]

I spoke to Evan this morning - surprised to learn he actually works out of Toronto now in the financial district. this would explain why he didn't return the call i left at 4pm yesterday as the day was nearly done [i thought he was in vancouver and it was 1pm when i called their time]

evan does a good job at giving perspective. certainly we're not the only gold company with a gold price that is down or flat. these are challenging times but they are doing what they said they are.

Evan is working in Toronto to get some analyst coverage but most won't spend time on a company with a market cap under $100MM and or at least 5 years of proven/probably reserves. currently drilling 11,000 meters/yr. In part seems thats why picking up AJC and their land/mine made sense.

2015 plan to cut costs by 10% with some operational efficiencies. Agreed that the land sale would prop up our cash position and look great as a 1 time influx on the balance sheet. land has been appraised and have been talking to interested parties but no agreement on price/terms at this time.

no update on the buy back and he really can't give us one; timing can't be public information or manipulation is possible.

I didn't notice this during my call but Robert Eadie CEO bought 50,000 shares at 11.5 cents in the open market on Dec 19th. Not a lot of money involved but good to see him putting in his own cash.

Evan did say he enjoys speaking with share holders & welcomes your calls. his number is 604 602 4935 if you'd like to chat with him yourself. also our Annual General Meeting is Jan 28th at 1pm. If you're not in Vancouver you can call in to listen.