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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 28, 2020 4:36pm
133 Views
Post# 31630559

The good news is...

The good news is...that we have had an expert Garland explain the resource, how much it is worth now, and how much more it could be worth in the future. The bad news is that the Market doesn't care! Perhaps things would be much different if we owned more than 25%, perhaps things might be different if our J/V "partner" was more honest. Maybe the S/P would be higher if our first management team wasn't what some publicly called incompetent. Would the Market be more excited if it were not reported that the original management team sold their shares. Maybe the Market would be more interested if there wasn't an ongoing mutiny against our 2nd management team. As it appears now, the Market just doesn't care, and really why should they? IMG seems to be somewhat stretched financially and may not be in any rush to do anything, no matter the mutineers grovelling at their feet. 
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