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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

Comment by mercedesmanon Jun 16, 2021 12:20pm
151 Views
Post# 33395577

RE:RE:RE:Grandich all in tweet

RE:RE:RE:Grandich all in tweetBut you forgot to address the point....

The "pound the table" tweet was unnecessary.  If a month a go you had "backed up the truck" and invested at $ 1 or less...you would be down 50% !

Putting all your eggs (even if speculative $) in one basket is a dangerous strategy.

Any one company can be hit , out of the blue, by any number of unforseen factors suchs as:
  • a strike
  • a mine problem (cave in)
  • indigenous claims
  • bad results
  • production delays
  • environmental issues/delays
  • a bad batch of drill results
  • Country risk (a lovcal Govt that decides to tax or take over the mine)
  • etc. etc.

That is not naysaying...it's common sense.

"Gurus" should know better.

MM

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