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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 Underdogon Jun 23, 2021 1:23pm
157 Views
Post# 33435003

Blablabla

BlablablaI sold some of my Lab because I believe now there are better play than Lab.  Lab has Already a MC of 250 millions dollar and even more if you take the fully diluted ( 324 millions ) . Can it go higher..  Maybe..  

But the thing is there is other plays with smaller MC, tighter share structure, big drilling program underway and already big intercepts similar to LAB to invest in.  Some has MC of 25% or 50% of Lab with the same potential and some with already multi-million onces..But shhhhttt!  Warlokkk prefer to go all-in in one single bet.  But when you only have few pennies to invest you cannot spread yourself into too many different companies. ;)

As for VSR, I am willing to be patient here. Just need a good entry point. I have been waiting a long time to get in but now I started to buy a lot in the 60s and plan to average down if it drops again.  IMG is busy currently with Cot Gold.  We are in a Gold bull market.  If IMG wait longer and the gold price reach 2.5-3k in the next year or 2.  This will make this asset just more valuable than at 1.8k. 

Cheers


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