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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 garlandon Mar 25, 2022 11:12am
213 Views
Post# 34545502

NSR - the reality of the current situation per share of VSR

NSR - the reality of the current situation per share of VSRIf you assume the NSR is worth 15 million  ( cheap) then today 65% of the trading value $.25cdn/share is in the NSR, add cash value of $.08cdn/share  --- then the market values our gold in the ground ( 1.0million ounces+) basically at NOTHING ( the remaining $.08cdn ) or 4.8 million- that is how stupid this market is !!!!!  What is 1.0million ounces of gold in the ground worth to you??
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