Virginia Mines Inc VGMNF

RE:RE:RE:Eléonore royalty and Franco-Nevada

[ja_prufrock]

In 2012 ,I learned a suitor could avoid the right of first refusal given to G by making a takeover of VGQ . The royalty is good for any new discovery to be found on the whole property bought by G from Virginia in 2006.

mr46:

I remember someone who attended the annual meeting back then had posted this on the VGQ BB; I remember your old handle and perhaps it was you that posted same.  I also remember Andre intimating that he thought Eleanore could contain as many as 15 MM oz Au, and the grades were improving as they moved deeper and to the north toward property held by AZM, ER and EVR.

Things have been quiet on Eleanore S., but Andre appears excited about the Wabamisk area, so it may be that the whole area is rich in Au.  Fairly sure he has some high grade ore at Poste and LGSur that he wants to put through the mill for himself.  Like Dalton at Altius, he appears interested in building a royalty company.  Andre, Dalton and perhaps Darin Wagner of BAR appear to be among the best resource executives, not only in Quebec, but all of C.

I guess a take over of VGQ is possible, but I hope, as with the Eleanore royalty,  it is very expensive;  Andre has indicated that Coulon may support several mines itself and the bag of tricks is not nearly MTY.

FWIW, I've been in VGQ and ALS since 2002.  Was also in FN until Anglo forced them to throw their hand in with NEM.  Also owned (not now) G as a result of 2006.  Loyalty now with VGQ/ALS, although I do like FN.  Thanks for your input.

Kind Regards,

JA