Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 RazorRamone777on Aug 20, 2020 6:23pm
209 Views
Post# 31436038

Looks to me like IMG management has no intention of...

Looks to me like IMG management has no intention of...proving up the resource at the Nelligan. Mark my words! They will NOT expand the resource to the west or to depth in this ongoing summer drill program. They might offer an outstanding buyout based on the current 43-101 but we would be FOOLS to sell now that we have had a sniff of the high grade to the west and underneath. This current 43-101 could easily be upgraded anywhere from a triple net value to who knows? The problem is anyone else other than IMG who might be interested in buying out VSR would base their price on the current 43-101and IMG has no intention of adding low cost, high grade gold to it. I've seen this movie before, just watch IMG fumble around like idiots then blame the weather, covid, too much water, not enough water, breakdowns... We need boots on the ground, monitoring and documenting IMGs every move, so that we can prove in court their unethical tactics and motives. Why stop with cleaning out the rats at VSR, might as well take on IMG while we are at it and cleam out their rats also!
<< Previous
Bullboard Posts
Next >>