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

TSXV:VSR - Post Discussion

Vanstar Mining Resources Inc. > million dollar question

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Post by garland on Mar 29, 2022 10:33pm

million dollar question

with new management at IMG taking over - - When will IMG finally determine that they have spent enough money on our behalf ( 220 + holes plus geophysics and stripping , assays, overhead , 43-101 etc. etc. etc. ) and aquire the remaining 25%? Why would you keep adding more and more value ultimately leading to a higher price and a far more valuable NSR. We all know this is going to be a LARGE deposit requiring years to drill off . I predict no updated 43-101 until next year - just TOO much data - cannot put an end to the upside - ie. the western extension alone requires another 50 -75 holes just to determine it's ultimate extent

And of course what would you pay for 1.2 million ounces in the ground ( currently) and the NSR in this market
Anyone willing to take a guess?

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