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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 garlandon Feb 11, 2021 11:51pm
252 Views
Post# 32549239

current perspective

current perspectiveLets put the current situation in perspective. Several months ago I stated a very realistic net  hard value of  $3.15cdn /  VSR share. Nothing has changed on those parameters other than more drilling has added value, Felix is drilling , new VSR management and IMG has a billion dollars in the bank. Now for whatever reason  ( I don't have one! ) I drop that value to $2.00cdn/ share , a real deeply discounted bargain  - the sad part is we are still trading at a 57% discount to that number!!!! Something is not right  here people -  other than fools and their money are quickly parted and OPPORTUNITY KNOCKS BUT ONCE!!

Disclosure: I loaded up the ship again today     Please correct me if I am wrong
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