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Vanstar Mining Resources Inc. 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 marketsenseon Jun 21, 2021 11:57pm
190 Views
Post# 33425529

Again

AgainWell said Underdog.   I think VSR got a smart new investor that is prepared to speak up.  Posters
that come on here only to bash and then promote their own pet plays are clearly not ones to
listen to for advice.  I'm not against being critical just because I've got a position.   VSR has 
totally lost its momentum and is being hurt in the market because of the IMG relationship.

That said,  the plus side is it is practically risk free with some goood upside through further
drilling expansion of Nellligan or a takeover by IMG or some other large player.   VSR is
getting a free ride off IMG for every extra oz they find in the ground.   Unfortunately,  many
don't see that free ride ticket as having much value and that is a pity.
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