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Vanstar Mining Resources Inc. V.VSR

Metals & Mining Gold
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

Vanstar Mining Resources Inc. > why?
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Comment by RazorRamone777on Jan 13, 2023 11:04am
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Post# 35221117

RE:why?

RE:why?
garland wrote: gold goes up $23.00 and breaks $1900 , we add another 2.0 million ounces to Nelligan and we go down  WHY?????  (I give up)
                    "Mineral Resources have increased by 92 per cent in tonnage, WITH A 15 PER CENT DECLINE IN GOLD GRADES, for an overall gain of 63 per cent in metal content".  In this inflationary enviroment, with mining costs exploding, Grade is king!

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