Brien Lundin on EDVThis is taken from a write up on (NNO) full write up on their board.
Secondly, the involvement of Endeavour indicates that a grand strategy for Northern Orion is in the works. This organization doesn’t get involved in short-term plays, and there is no more intelligent or capable financial group in the industry.
Two potential elements of this strategy appear obvious: Wheaton River’s interest in Baja de la Alumbrera has led to some speculation that synergies between the two projects will be explored. In addition, I would expect that Northern Orion is on the hunt for some major acquisitions.
What do I expect from Northern Orion? Consider that, under Endeavour’s guidance, Wheaton River was quickly transformed from a tiny producer with dead-end assets into a world-class mid-tier producer. Along the way, its share price multiplied five times over.
Frankly, I expect Northern Orion to do even better. That’s because, in addition to Endeavour’s support, the company boasts the services of two of the more accomplished and capable mining professionals in the business.
David Cohen, president and CEO, has a strong background as an international mining executive, corporate director and business consultant. Previously, he has held executive positions with Miramar Mining Corp. and Fluor Daniel, responsible for international project development in precious and base metals. He is a professional engineer with a degree in chemical engineering and an MBA degree from the University of the Witwatersrand in South Africa.
Bob Cross, chairman and director, is a legend in the mining industry. Cross served as president of Yorkton Securities in the mid- to late-1990s, and vice president of Gordon Capital, a major institutional powerhouse in the ’80s and ’90s. Very entrepreneurial, his most recent coup was the the consolidation and sale of somepremier South African producing assets to a major mid-tier explorationa and development company.