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. > Speaking of buyouts

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Post by willyk3 on Nov 11, 2020 8:50am

Speaking of buyouts

Anyone have any comments re Iamgolds buyout of Tomagolds interest in Monster Lake . A little on the light side methinks and kinda worrying in view of who should be after our share of the Nelligan

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Comment by goldbug1965 on Nov 11, 2020 11:38am

It's simple : IAMGOLD is consolidating the sector because Nelligan is not economically viable by itself (for the moment). A well understood fact by anybody who is not making up numbers like Garland and the PG Circus... Nelligan needs more ounces. It will come with more drillings and not from crazy valuation models pushed by the overextended gamblers we are seeing on this board. The ...more

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Comment by RazorRamone777 on Nov 11, 2020 1:18pm

Mr. goldbug, I would like to congratulate you on such a well thought out, inteligent, articulate, factual post. Certainly in the running for Post of the Year!!! Your Friend goldbu...er ah, I mean Razor

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Vanstar Mining Resources Inc.