Steve went to geology school at university in Montreal at the same time (about 35 years ago) more or less as Golden Valley Mines’ Glenn Mullan. Both of them have interests in the Val d’Or area of Quebec and what is known as the Abitibi Greenstone Belt. They are part of what miners in northerneastern Canada call the Quebec clique.
This article is one of approximately 10 yearly that we share with a general audience. TCR/The Calandra Report costs $139 yearly; subscribers tend to be industry professionals (mining, biomedical, entrepreneurs) and those investing in mostly companies that trade publicly for less than $500 million market size.
(Aside: Steve just hired a big-gun geologist who attended the just-mentioned Concordia University in Montreal; Antoine Fournier will be running the exploration programs for Enforcer.)
Surprise: I do not yet own shares of Enforcer (VEIN ticker in Canada); this is a sub-$5 million CAD market value company with early forays into a 7,000-hectare-plus property in the Abitibi.
“There are actually about 6 of us still kickin’ around Val-D’Or and northern climates,” says Mr. Mullan, a lifelong miner and collerctor of mining royalties, most of them in Quebec. ” They include Bob Fraser (Agnico Eagle), Graham Long, Richard Roy (SEMAFO), Mark Shore (living and working in Iqualuit — all from that same vintage year (early 1980s).”
“I think we kicked McGill out of the rink that year. Due to Quebec’s declining English population, Concordia and McGill merged their Earth Science departments and consolidated others back in the 1990s, and now all geology is at “the other place.”
This short item is not all about Enforcer. Or Concordia University, whose school of geology is now at nearby McGill Univeristy. Concordia gets garlands these days for its Molson School of Business among other academic subjects.
Steve Roebuck gave me that description up there of mining stocks after I noted to him the tremendous trading volume of VEIN the other day in Canada. The USA ticker is EFRGF. Enforcer Gold uses to be called Natan.
I see our TCR Network on the timely side of a once-in-a-super-blue-moon rapid rise in mining valuations. That includes the prices that producers will start paying for proven ounces of gold in the ground of takeover candidates.
Let’s hope Asanko’s team and Mr. Breese, a well-paid, rough-and-tumble lifelong Africa miner, can stay on mark with approximately $900 USD cost for mining an ounce of gold.
Bought equity placement: I think IMV’s $14 million CAD “bought” offering will allow fresh banks/funds/investors of size into Immunovaccine‘s stock before a NASDAQ offering. We’ll see — I added to our IMV/IMMVF stake today-Friday. Our TCR audience has the first word on all things Immunovaccine. That $14 million of new stock I believe already is taken by the several underwriters’ best clients — at $2 and with zero warrants.
Immunovaccine is a challenging stock to purchase if one seeks more than 10,000 shares at a time. The current offering is much the same as the most recent one about a year ago: short-form prospectus, no warrants, priced slightly higher than the current stock price. We here at home now own about 240,000 shares.