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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 RazorRamone777on Sep 18, 2020 11:05am
203 Views
Post# 31581064

A heads up for PG and other SUP investors...

A heads up for PG and other SUP investors...Years ago someone (from RR) gave me a heads up on an awesome project in it's infancy. It was all about the 100% owned (by SUP) TPK properties in Ontario. It was all looking really good up until the Ontario Liberals (Canada's democrats) appointed Michael Gravelle, MPP of Mines & Minerals. He with his Liberal colleagues changed the wording in the laws concerning dealing with what they called the First Nations. The biggest change was that the "First Nations" must not only be consulted but added that they must give their consent to any projects. This opened the door to Liberal leagalized extortion of mineral exp[loration companies! Now in some locations, the companies are not only expected to hand out millions of shares to the local Chiefs and Band Counciliors but MUST hire many of their relatives in high paying MANAGEMENT positions. Just look at NOT at the Ring of Fire!. They went from a little above $1.00 with, I believe around 100m S/O to $.18 and 400m S/O. (I got out at $.90) Why do you think that SUP hasn't been doing much at the TPK? My point is, if you are investing in SUP because of the Nelligan that's fine, but if you are thinking that if the Nelligan falls through you have the TPK as backup, you might want to re-evaluate.
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