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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

Comment by SPACEDOCon Dec 21, 2022 12:42pm
136 Views
Post# 35184956

RE:RE:Stockwatch take on Iamgold

RE:RE:Stockwatch take on Iamgold Since IAG is diverting it's interest from Nelligan for Cote obviously why would we not expect a buyout of Nelligan i.e. VSR+ IAG share by a third party.
It's a win-win. IAG  gets more cash. WE get bought out and the third party probably gets a good deal all around
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