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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

Comment by willyk3on Jun 07, 2022 12:47pm
134 Views
Post# 34737396

RE:RE:I should add:

RE:RE:I should add:One other thing...the second question....why hasnt IMG at least attempted a lowball offer considering the quality of the Nelligan and allmost certain expansion of the orebody? After all there seem to be alot of cheap shares available...and a lofty premium of say100% would still be a lowball in my books.  I would venture they could succeed with an offer like that..   Seems smarter than to pay a much bigger multiple in the future .    I can only offer that I think IMG is preoccupied with their own problems at the moment and of course mgmt were historically... inept. at best!
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