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Bullboard - Stock Discussion Forum 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... see more

TSXV:VSR - Post Discussion

Vanstar Mining Resources Inc. > Price and value - my final comment until news
View:
Post by garland on Mar 02, 2021 11:45pm

Price and value - my final comment until news

VSR has $.10cdn/share  cash in the bank , the NSR is worth $.25 cdn cash  in the bank  (conservative value of 15 million which is cheap) That leaves $.38cdn x 56million shares = 21.3 million divided by 800,000 ounces of gold = $ 26.6 cdn of value per ounce of gold  in the ground  ?!?!?!?  (Companies are paying between $100-150 cdn for gold in the ground in the area). Add to this the tax loss pools ( 7million  or $.12cdn / share to those companies that have tax problems,   there is at least another  1.0+ million ounces to be added to the 43-101 reserve report  ( 27 holes outside the pitshell)  and  potential  upside at Felix   - we will get picked off as the value is just too compelling to ignore!!!
Comment by goldbug1965 on Mar 03, 2021 9:42am
A fair assessment IMO. Problem is the huge sell pressure outstanding. Grandich and company have millions of shares to offload. They will capture any upsides. The best thing that could happen is a capitulation to lower 0.50s, a complete refresh of the shareholders base... Until then it will grind it's way lower.
Comment by edmed on Mar 03, 2021 10:10am
we will most likely get an offer in the $1.40-$1.60 range pathetic
Comment by thisisriskystuf on Mar 03, 2021 10:41am
I don't think PG and his his gang would except a low offer , they know the vaule is higher than  $2.00 . At one time it was as high as $4.00 and now as low as $2.00  it is any ones guess as Price and Value. It will all depend on when and how high Gold will go in the next couple of months. JMHO
Comment by goldielocks on Mar 03, 2021 2:30pm
Are you kidding me. Grandich has greener pastures now and blew this one badly. He would take $1.00 US in a heart beat I would bet. Garland: A stock is worth what the market will pay period. If IMG slow plays this, doesn't release drill results, doesn't build a mine and let's VSR burn cash drilling in places that are at best a coin flip the SP will be what it is........................ ...more  
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