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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 greendayyyyon Dec 05, 2023 12:36pm
183 Views
Post# 35769297

RE:VSR challenges

RE:VSR challengesI own a lot of IMG shares and also CXB. I knew IMG would correct today. The acquirer always suffers a drop when the announcement is made. The same thing happened when CXB gobbled up Marathon. Two stocks in my portfolio have just made two good acquisitions in Canada. With the new management team at IMG, the company's growth is in good hands. Ct Gold will go into production in the first quarter and should reach full production in the third. Gosselin's drill holes are accumulating more and more ounces. With this morning's offer, they have just seriously positioned themselves in one of the best sectors in the world.   
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