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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 29, 2020 11:31am
101 Views
Post# 31635066

Great work Garland!!!

Great work Garland!!!I believe your estimates to be very conservative, proably somewhat below fair market value. Your report is factual and articulate. You say, "To put a value on this is very difficult untill much more drilling is done obviously -- but for certain the deposit is open in all directions and at depth", which again brings up my question, Why are so many investors looking for a buyout at this early stage of exploration? Why would anyone put a buyout price at $3-$4 or later $2-$3? Why even consider prices until an offer is made? Has an offer been made? As I have stated several times, Once we start to prove up the Felix, we will no longer be a one trick pony and will not be so reliant on others. I am not at all interesed in a $2 buyout, and wouldn't have invested here in the first place if I believed that to be our target.
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