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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 Apr 06, 2022 2:13pm
150 Views
Post# 34581458

RE:RE:Endless

RE:RE:Endless I think its more than market conditions however a capital raise should not be required.
All the drilling on Nelligan is funded by IMG so the only costs are adminstrative salaries
and whatever drilling costs for Felix.   They had appprox $5M cash so there should be
plenty left over to keep mgmt staff adequately compensated not including options for some time to come IMO.   There is minimal promotion so to keep the lights and heat on
and the occasional business lunch for who knows what shouldn't cost millions.
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