Vanstar Mining Resources Inc. V.VSR

VSR challenges

[LOOK4METALS]

Dear Partners/Shareholders
I own near 3M shares of VSR for many many years and I paid every single share
I know the Nelligan deposit very very well
I also know the gold sector - I live in a mining region

The Nelligan deposit is a multi million onces deposit that I love but comes with it  many material challenges that we must consider very seriously before voting IN FAVOR or AGAINST the IMG bid.

1- the grade is "borderline" 0.85
2- the gold recuperation 80%
3-the lakes we will have to empty
4- the 7-10 yeras commisioning process
5- VSR financial situation
6- the "almost dead" junior market - lack of liquidity

On the other hand, IMG is FGINALLY becoming an interesting mid-tier producer with their SUPER open pit project CoteGold /Gosselin actually in construction. This is a company changer projet and we will all take profit of it because IMG stock price will still be depressed till they prove the ramp up is a success.

Personaly, I believe I will double my money by being a IMG shareholder and I lived the Canadian Malartic open pit construction (and takeover by AEM/Yamana) as well as the Detour Lake construction.(and takeover by  Kirkland Lake Gold and then AEM).  Open pit in Canada proved to be cashcow for the owner and CoteGold/Gosselin will not be different ! I wouln't be surprised to see IMG acquired as soon as ramp up is completed !
For all those reasons, I will vote IN FAVOR
Good luck to All and hopefully you will take the right decision ! I dont want to see VSR at 0.35$ again...
Look4Metals

[greendayyyy]

I own a lot of IMG shares and also CXB. I knew IMG would correct today. The acquirer always suffers a drop when the announcement is made. The same thing happened when CXB gobbled up Marathon. Two stocks in my portfolio have just made two good acquisitions in Canada. With the new management team at IMG, the company's growth is in good hands. Ct Gold will go into production in the first quarter