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. > Endless

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Post by Cashcow49 on Apr 05, 2022 3:24pm

Endless

endless supply of cheap shares, where do they come from, for what reasons are they letting them go.

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Comment by Ballsmeep on Apr 06, 2022 8:36am

nothing wrong with vanstar. Just market conditions. We will see well into 2000 gold usd this year. Nelligan progressing very well. Only problem I see is the need for a capital raise soon and if done at this valuation I would be disappointed

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Comment by marketsense on Apr 06, 2022 2:13pm

I think its more than market conditions however a capital raise should not be required. All the drilling on Nelligan is funded by IMG so the only costs are adminstrative salaries and whatever drilling costs for Felix. They had appprox $5M cash so there should be plenty left over to keep mgmt staff adequately compensated not including options for some time to come IMO. There is ...more

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Vanstar Mining Resources Inc.