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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 willyk3on Dec 05, 2023 10:40am
133 Views
Post# 35768964

RE:Thoughts

RE:Thoughts

I woke up this morning expecting to see something on FURY stock and instead I see this lowball offer for VSR. Definitely disappointing especially as in my mind I had allways envisioned some kind of super camp centered on the nelligan with all kinds of satellite deposits feeding the mill. Of course SUP would have figured prominently. 

But all is not lost yet. Lowball ,yes, but the IMG paper we would get is also fairly cheap and although I have never had too much love for their team at least they have finally got Cote on the right track and I expect a rerate on the stock in the coming year with increased production and hopefully an increasing bullion price

I can't see anyone coming with a better offer  so it is what it is.  As for Sup... perhaps something will eventually develop. After all there is a lot of gold all around the nelligan

GLTA

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