Steve Nano's legacy for MRZFor about 8-10 years I went to every PDAC in Toronto. Most enjoyable was the time spent with Steve Nano which would often be 1/2 hour or more coming up to speed on the mineral underpinnings for each project area. Steve is not only a brilliant geologist but a beyond marvelous teacher of geology and most especially the MRZ project areas. His eyes would light up when he talked about certain sites, particularly the Gorbea belt, the Virginia project area and many times Claudia. Steve, Tim Heenan, and Mary Little played a role in bringing Jauquin to fruition for MRZ.
Steve "runs" his own subset of geology experts from his office in Brisbane Australia. It is no coincidence that Oceana, and Newcrest are Aussie companies also. Aussie's more or less pretty much trust each other and Steve's push for their JV involvement was probably a key reason they are JV partners. Oceana is very much a very tough group of successful businessmen and Steve was able to bring them into the MRZ fold. I think Oceana plans production of 500,000 oz of au this year so they are not a tiny operation.
I have been trying to figure out why the CEO manpower move by MRZ and the only thing I can think of is that Steve had a quite rich contract, for instance he got $1 mil US as a bonus for discovering Jauquin. That was on top of a very healthy annual consultancy contract. So my guess is MRZ wanted to trim upper management fees. Steve absolutely earned every dollar paid him by MRZ. We are much better off because of Steve's involvement with MRZ..
Now if the share price would just go back up.