STRONG DISCONTENT EXPRESSED AGAINST IMGI’m picking up some real buzz on the website of Vanstar Mining Resources, 25% Joint Venture partner on the Nelligan Exploration Property. For some years, the shareholders have been expressing their displeasure with the pathetic and terrible JV relationship with IMG.
They are openly saying that the company they would like to see takeover IMG is Agnico Eagle Mines (AEM). The rumbles seem to be getting louder and louder! Under the leadership of AEM, they believe that an aggressive approach would be undertaken to rapidly advance the exploration and development of the massive potential gold ore body on the Nelligan Property.
Being familiar with the Abitibi gold belt, I’ve always maintained that AEM would be the ideal company to take out IMG. Over many years, they have successfully operated the La Ronde Gold Mine and they are very familiar with the geological formation across the Abitibi Gold belt including the Westwood property.
Sean Boyd Vice-Chairman and CEO, Agnico Eagle Gold Mines is one of the brightest and most highly regarded Mining executives in the mining Industry. With his dynamic style of leadership, he would be the ideal candidate to optimize the potential value of IMG strategic assets. AEM would immediately acquire a substantial quantity of ore reserves to replenish their depleting reserves in the area, and take over the construction challenges of the Cote mine, in Ontario, and eventually have another estimated annual 400,000 oz. of gold production. I’m speculating, but Sean- Boyd would probably sell-off the African gold operations and exploration properties. It sounds like a win-win situation for all parties. This scenario sounds too good to be true, but if you look hard enough, you will see the possibilities. Over-night, IMG would change from a pumpkin into a shining star!