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Canstar Resources Inc V.ROX

Alternate Symbol(s):  CSRNF

Canstar Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada. The Company’s flagship exploration project is the Golden Baie project in south-central Newfoundland. The Golden Baie project is the Company’s flagship precious metals exploration asset. Its 100%-owned Golden Baie Project (548.75 square kilometers) hosts 93 kilometers (km) of a structure similar to Newfound Gold's QueenswayGold Project. Its Buchans-Mary March projects (65.75 square kilometers), which include a Glencore joint venture, are located within the past, producing VMS zinc-copper-silver rich Buchans Mining Camp and boast high-grade zinc and copper discoveries. The Buchans-Mary March Project is located in central Newfoundland, 20 km northeast of the same geological group that hosts the former producing Buchans Mine. Its wholly owned subsidiary is Altius Minerals Corporation.


TSXV:ROX - Post by User

Bullboard Posts
Post by jumpforjoyon Nov 25, 2009 9:42am
531 Views
Post# 16521508

Canstar will go broke before long..........

Canstar will go broke before long..........My feeling is that Chislett is dragging this out so as to exhaust Canstar of money it was planning on using for the option to buy a share in the MM property and money for the exploration of that property.  Canstar has other valuable propeties to work on and, since all its money is being siphoned by this dispute with Chislett, it is my opinion that Canstar has very little money to use for exploring other properties and, if it continues to get dragged out by Chislett, Canstar will be forced to negotiate with Chislett on a settlement whereby Chislett will be able to put his good fortune into exploring the MM property with Canstar.  It just makes sense to me and I don't really care about the Canstar merger with Chislett as long as work starts getting done on the MM in the next year.  We will still be able to make a small return on our investment with a negotiated settlement between Canstar and Chislett and his entourage.
Bullboard Posts