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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Post by marketsenseon Sep 30, 2020 3:53pm
126 Views
Post# 31643484

When

WhenAgreed.  The catalyst for offers is either a strong breakout above $2000 or whenever PG and
his BOD can entice some buying interest and force the s/p up to a level that either IMG or 
another bidder steps in.  As it is right now,  there is no pressure from anyone to do anything 
so until that changes,  VSR languishes.   Those next summer drill results should provide a 
spark that is badly needed.   I hope Garland is right and they hit big.   The other factor is while 
there has been steady selling going on for quite a while,  there are buyers picking up
cheap stock as VSR weakens.  Its the same old story.  Investors sell when the market is shaky
and buy when everything looks rosy.
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