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Vanstar Mining Resources Inc. 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 Jul 24, 2020 1:26pm
169 Views
Post# 31315270

Thoughts

ThoughtsYes,  agree 100% about having an activist shareholder like PG on board is a huge plus and
will come in handy from time to time.   I saw his activism in TGZ so I know what he can do.

On another note,  it makes no sense for VSR to be dogging it in the $1.50 range when we are 
in the middle of the hottest gold camp in N. America.  Iamgold is drilling and now Northern
Superior which right next door to VSR is going to start drilling on their prop.

We are approaching all time highs on the POG so you couldn't have a more favourable 
environment even in your dreams.  My guess is there is some manipulation going on to 
keep VSR from going higher and to flush out as much loose stock as they can.  The blackout
can't last indefinately and the lid will come off.


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