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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 Jun 10, 2022 8:29pm
246 Views
Post# 34748721

cashcow and unclebobby

cashcow and unclebobbyno story here  - I don't trade my tfsa but I have three other accounts - of course I sold stock ( some at 1.62) only to creat a  cash reserve to buy it back - which I did - some 700000 shares all the way down to the low of .33cdn -that was my trade .Yes I believe in the Nelligan story ( that is obvious) BUT Bousquet adds a new twist whereby production is feasible. IMHO we already have 400000+ ounces of gold in the ground and will go way beyond that with our exploration Our story only gets better -the fact the stock does not trade tells me that finally people have some patience and are not selling.- and after the market performance today where the only thing that went up was gold and the american dollar , perhaps this the turning point is close for gold! Having said all that  next week with Pdac we should have results certainly on bousquet and hopefully  something on  Nelligan ( both companies will be there). The value is there for VSR  - it is only growing - we have enough cash for two years of drilling ( and then some) and NOBODY will take our share of Nelligan away from us regardless of what IMG does with the asset!!!!!  I will stay the course until the bitter end ( whatever that is)

Stay tuned for drill results next week  and as I said - visuals look encouraging!!
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