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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 garlandon Sep 02, 2021 2:04pm
233 Views
Post# 33801955

re garland

re garlandAS of today the current enterprise value ( excluding cash) is approximately 19 million cdn
a stark reminder for those selling - that equates to selling VSR's share of the gold ( 800000 ounces) in the ground for $ 23cdn per ounce and that does not factor in the increase that is coming by the first quarter of 2022 . When the update happens  add another 400000 ounces to VSR's share and you are currently giving  the shares away for $15 cdn in the ground !!!!!

Give your head a shake people!!!
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