RE: RE: RE: "There's Gold In That There Hill"
Bishop, your are correct it was in June. I still wonder why he waited so long.
investors seek frisky prospectors
MONTREAL – Canada’s largest banks are setting loose a fresh batch of gold analysts. Their mission: evaluate $100 million to $800 million prospectors.
The new blood, among them Dan Earle at Toronto Dominion (TD Newcrest), Nick Campbell at Canaccord, Trevor Turnbill at Scotia Bank and Jeff Killeen at CIBC, are trawling Africa, South America and Canada for likely winners in the market cap race to $1 billion.
“I think we have two things happening that might be secular shifts,” geologist and mining executive Quinton Hennigh tells me today (Thursday, in Del Mar, California one day before this Canada Day/Fourth of July weekend).
“One is that the banks, as they look for new underwriting business, are willing to consider small companies that are mostly off investors’ radar screens. The other is that these new analysts are not your traditional CFAs. They are more from the (mining) industry,” says Dr. Hennigh, whose affiliated prospectors include Gold Canyon Resources (TSX: V.GCU, Stock Forum), EurOmax Resources (TSX: V.EOX, Stock Forum) and Evolving Gold (TSX: T.EVG, Stock Forum).
Ijust spent a few days with one of those new analysts. We were visiting Canaco Resources’ (TSX: V.CAN, Stock Forum) Harvest gold and polymetallic project in Ethiopia and its Magambazi project in Tanzania. Jeff Killeen, age 31, peppered executives and geologists with a rigorous set of queries, the most expansive interrogatives I’ve encountered on a site visit since my recent travels with two doctors of geology: Dr. Hennigh (West Africa) and asset manager and mining executive Dr. Paul Zweng (Mexico, Colombia, Peru). (Photo above: Jeff Killeen, at right, with Canaco consultant geologist Sandy Archibald, center, in Ethiopia – Thom Calandra photo)
No wonder. Mr. Killeen of CIBC graduated with honours in geology from Carleton University in Ottawa. He’s spent time toiling for prospectors in the field. He is as sharp in the jungle as the auto-focus on his SLR digital camera.