Vanstar RecapOkay I'm totally baffled by the sp reaction yesterday. Maybe it's was the headline they went with? Maybe it was that no one even knows about this company and the nr got buried. I don't know. But when you look at some of the facts here, it sure is compelling. So here's a quick little recap. Feel free to add or alter.
- Yesterday the company reported 123 m of 1.26 g/t gold.
- Within the rest of yesterday's results there were other significant hits including 21 m of 3.41 g/t gold, 4.5 m of 9.49 g/t gold, 1.5 m of 39 g/t and 1.5 m grading 224 g/t
- past significant intersections include 82 m grading 3.31 g/t gold, 6 m of 56 g/t gold
- IAMGOLD is the operator and fully funding exploration costs, so far earning a 51% stake
- has a low float of under 49,000,000 shares o/s
- a resource calculation is to be performed this fall
- over 35 known gold zones on the Nelligan property to date, Renard is focus of resource calculation
Like I said, this company is overlooked and definitely undervalued given facts above.