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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 30, 2020 11:02pm
164 Views
Post# 31347725

Reflection

ReflectionIf islander835 is any reflection of the selling that has taken place,  and I have no reason to
believe it isn't,  it is probably a good thing to have had this cleansing.  I do acknowledge that 
of all the sellers,,  it was very open and honest of him to come forward.  He gave his reasons
and took responsibility for his losses.

If there is anything that can be gained from his post,  I would say that because of the delays
and the subsequent doubts raise,  there was some damage caused to VSR's credibility.  That 
however is very separate issue from the credibility of Nelligan.  The other thing is each investors 
tolerance for manipulation and drama.

VSR is a drill play and is involved in the discovery and exploration of a gold deposit.  Because of
the nature of exploration plays,  and the possibility of this being very large,  there is going to be
some highs and lows.  Drama and excitement is what its all about and the value is in the drill bit.
There is potentially a lot at stake and therefore one must be prepared to expect a lot of strategic
game playing by the participants before any deal is reached.  Its the end game that keeps me in
and this is just a blip on the way.  It doesn't hurt to have someone like PG in our corner,  and if it
adds a bit to the drama,  so be it.  
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