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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 Polishprince23on Feb 04, 2023 2:05pm
196 Views
Post# 35266934

RE:realistic share value

RE:realistic share value
Thanks garland.  The elephant in the room is time value of money.  We are not in control of moving the Nelligan project forward or expanding the ounces.  IMG has complete control.  When will they start to quicken the pace for Nelligan, this year, next year, 2025, when?  That I believe is what is holding our stock price down.  Until then, all we can do is sit and wait for our day of reckoning. It will definitely come but this wait is Frustrating as hell but that is the current reality.
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