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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 Apr 03, 2020 4:47pm
112 Views
Post# 30877588

nelligan and IMG

nelligan and IMGWe dont know what IMG is doing .They bought into Tomagold  (25%) early in their exploration game and have done nothing since -mind you that is a small deposit and will only act as additional  ore stockpile for nelligan in the long term. You would expect IMG to do something soon Why would you keep adding more and more value  to VSR ultimately resulting in having to pay more for the asset.I do not understand their strategy. They have 700 million in cash whats their problem !  Anyways all we can do is wait I know the new results will be good and IMG
 will have to act eventually- before someone else does! Fun and games  ! - Impatiently for drilling results. Thats when the fun starts Have a safe weekend stay apart.
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