Vanstar Mining Resources Inc. V.VSR

Maybe a better

[unclebobby]

Would like to see a better offer from IMG or some other entity  giving fair value for the proven and probable  gold reserves in ground,  img is not giving value for, they know its there. Robbery of the first degree  imo. People don't want to wait a short time for voting results or offers may be sorry  ,as I said before  VSR  has the goods.

[drzacon]

to unclebubby   there is no proven or probable ounce of gold on Nelligan. There are only indicated (2M) and inferred (3.2M) ounces... before making it a proven and probable resource it will take a lot of additional drilling and it will be necessary to demonstrate the economics before 'include in the proven resource. Recovery will also need to be higher than it currently is (around 80%

[unclebobby]

draconian  wow , drilling reported the day before  and 5.6 million  is proven or take away their license.  Get real

[drzacon]

do u know the difference between:  inferred resources, indicated resources, probables and proven resources...

[unclebobby]

Can you read  n 43-101, not getting into a match with u.  We will go with your assessment  you have 1 million +shares you say and there's  no gold. U stick with that.  I'll  stick with its a bad deal. Done

[drzacon]

I'm not saying there is no gold, I'm saying it's a gold deposit that won't be easy to develop. for the resource in place, see the following PR from VSR...   « The Nelligan gold project (on a 100-per-cent basis) hosts indicated mineral resources of two million ounces grading 0.84 g/t Au and inferred mineral resources containing 3.6 million ounces of gold grading 0.87 g