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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

Post by Ballsmeepon Mar 02, 2023 7:42am
227 Views
Post# 35314452

Time

TimeWe need more time to add ozs and derisk project. We could be sitting on 7-10mil ozs on Nelligan. Iamgold is in no hurry to advance Nelligan. Time in the market will only benefit us. Feasibility study seems very far away. Theyll have to pay us a premium if they make an offer before FS is completed. I'm seeing a lot of JVs lately to get mines into production maybe Vanstar gets taken out by a company with cash ready to get this into production with Iamgold
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