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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 Warlockkkon Jun 21, 2021 8:34am
203 Views
Post# 33419186

Sometimes in life you just have to take your lumps...

Sometimes in life you just have to take your lumps...and move on. I can see where the "big boys" with hundreds of thousands or even millions of shares are stuck with dead money. They have made thier bed now must sleep in it BUT the "little guy" with 100-25,000 shares you should consider if you would be better off elsewhere. Right now with the Newfoundland Gold Rush just heating up, there are $millions to be made. Just have a peek at NFG, SIC, or my favorite LAB who is in very early stages of a Bonanza, super high grade, Forserville type deposit. E79 could be the best gamble of the century.
Inflation, especially in fuel, along with high fuel taxes will be a huge detrement to these bulk tonage, 1-2 g/t deposits making them much less feasible to mine. I would advise the "little guy" to do what I did, bail on the bulk tonage and buy the tremendous upside at LAB & E79.
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