Bullboard - Stock Discussion Forum Vanstar Mining Resources Inc. V.VSR

Metals & Mining Gold

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... see more

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Vanstar Mining Resources Inc. > Question for this board

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Post by Polishprince23 on Aug 18, 2020 3:57pm

Question for this board

I am first time poster but have been monitoring this board for about 7 months. I have bought into VSR story and its value (thank you garland) but have one nagging question that hopefully someone can answer. As the minority JV partner, does Vanstar have any legal recourse if IMG decides to sit on their hands for the next several years and not conduct any additional drilling? Is there any way that Vanstar (or even a streaming company that may acquire VSR) legally can force them to drill and expand the resource? If not, then there is the possibilty that IMG can just sit and wait and do nothing while VSR languishes? Please tell me my concern is unfounded and unlikely. Thanks in advance.

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