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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 edmedon Jan 20, 2023 9:59am
141 Views
Post# 35235333

RE:RE:Nelligan

RE:RE:Nelligan HE IS CORRECT

Years ago IMG purchased Trelawney MINING for $608 million
gold then was actually lower in price than today and starting its declined having peaked at just over $2000 an ounce

Trelawney had 100%ownership of its 5million ounce gold reserve combined  indicated and inferred very much like what we now have with Nelligan.

we own a 25% interest which would bring a simillar offer at 
152 million dollars

divide this by the 58 million shares we have and you get

$2.62 a share

that is more like what we are worth at this time
with huge potential to increase the gold reserve
in a friendly neighbourhood of Quebec...not the congo or mongolia
surrounded by pirrhana who would like nothing better than to low ball us and take us out

why are we at .35 
your guess is as good as mine
its nothing short of criminal

jmho
edmed
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