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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

Comment by marketsenseon Sep 13, 2021 1:30pm
137 Views
Post# 33849204

RE:RE:IMG

RE:RE:IMGVery interesting.  Just as everyone is totally fed up with IMG and mgmt,  buyers
suddenly show up in volume.   Obviously what retail folks have been saying about this cash rich,  property loaded stumbler of a gold company  for a while has resonated with someone out there with big pockets.   Could another major be 
buying or a hedge fund taking a position?  I'm talking IMG but maybe a little
bit of buying might trickle down on VSR as well.  

If IMG were to get bought out,  it would have to have some effect on VSR.  How
much is open to question.   The buyer might want to keep the deal as is for now
with VSR or make VSR an offer.  Who knows and its stretching speculation even
to be thinking that far ahead.   
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