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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 marketsenseon Jun 20, 2020 2:56pm
161 Views
Post# 31173228

My thoughts

My thoughtsHaving done more thinking and research I am convinced VSR will go much higher.  For now 
it's on pause and consolidating.  I get that Grandich is done with his buying and so there has 
been the inevitable tailiing off on volume and buyers.  That does not mean this play is over
though.   Power One financial was brought in to take this to the next level.   My educated guess
is there will be a promotional push off the back of more good drill results.  VSR will want to
force a move by IMG before the price gets out of hand.   Buying will come from some decent
PR that has yet to be undertaken.  This is a very exciting play and continues to produce very
tantalizing drill results.   Expanding the resource is what its all about along with some good PR
on behalf of VSR is what I'm looking for.    Relax and let things develope.  IMG is not in a position
to drag their feet and scoff at Nelligan as some minor deposit that they can put on the back burner
for better times.   Their shareholders are demanding some action from an underperforming mgmt
team and the gold price is spotlighting this underperfomance and a slap in the face to shareholders.

GLTA
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