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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 RazorRamone777on Sep 27, 2020 1:49pm
253 Views
Post# 31626730

A little Birdie told me...

A little Birdie told me...that even the best of stellar deep drill holes to the W or SE, or any holes drilled by SUP will NOT add anything to the 43-101. The infill holes will. This is why I consider a buyout to be premature. First I heard that a buyout would be between $3-$4, now $2-$3. Perhaps IMG will offer a buyout based on the proven reserves and pay a premium for the inferred resource, but from my understanding that is not common. Although I have reinvested a large portion of my VSR holdings, I am hopeing to jump back in with both feet once I get a better feeling that it is the new management team that is steering the ship, and not a bunch of disgruntled investors who do not unite, but divide.
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