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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

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Post by Ballsmeep on Jun 15, 2022 10:10am

Nelligan

looks like the center of a massive mining region. Build a mine on Nelligan and have satellite deposits to feed it. Just need the gold price to pop off. The gold is there
Comment by willyk3 on Jun 15, 2022 11:03am
Agree  Sure looks like it!   Kintovar and Sup are both having success close by  and deposits like Toma just keep adding to the region..   Im impatiently waiting for the price of gold to respond....been a long wait...would have thought that catalysts like a war in Ukraine and massive monetary stimulous over the pandemice would have done the trick. Maybe it will be the ...more  
Comment by unclebobby on Jun 15, 2022 11:11am
willy your absolutely correct, but the corruption in the paper money and shorts with no accountability its gone on way too long. But Central banks, Asia and Europe are loading up . Running out of patience with markets
Comment by blueskies on Jun 15, 2022 11:34am
Ballsmeep and other replies, curious to know if you believe a higher gold price is actually a catalyst for Vanstar or even required? I believe gold at $1800 is more than enough for VSR's projects to be much more highly valued. To me, I'm good with gold staying around these levels when I think about VSR. If VSR was currently producing, current gold prices would net them excellent ...more  
Comment by willyk3 on Jun 15, 2022 11:43am
You are bang on with your last comment...the catalysts for VSR are drilling results at both projects although of course we are captive to IMG with respect to anything that happens at the nelligan.  That said a surge in the price of gold would be a cause for a surge across the board in gold equities
Comment by Ballsmeep on Jun 15, 2022 2:51pm
If prices to build the mine and diesel come down a lot than yea. Otherwise I don't see us getting many multiples at $1800 gold. I'm looking for good drill results, a nice flow of positive company and sector news flows, gold prices starts moving way past $2000 gold usd and then bang speculation goes wild and we cash out. Otherwise we probably lucky to get .80 usd imo