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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 Livetotradeon Aug 30, 2023 1:23pm
174 Views
Post# 35612310

Bottom

Bottom

I think this stock has likely bottomed this summer.   I wish I was able to get a little more at the rock bottom but still a cheap buy.

Gold and Silver have perked up and seasonality should favor the price for the next six months in my opinion. 

The rate hikes in spite of the messaging they may move higher are not sustainable for business or the public so there will be pressure to stop which is supportive to gold prices.

The introduction of a lithium partnership is well timed and the potential to add value to VSR only provides further upside.   

I think this summer will soon show up as a fantastic entry for new holders but also supoort the longer term holders here.  

I think brighter days ahead and thought I'd post a few of my key reasons here.   

welcome any feedback either way to this thinking !

glta
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