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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (49146)10/6/2007 6:48:06 PM
From: Mr. Aloha  Read Replies (3) of 78419
 
MTS's hiring of Jim Mustard as president made last night's Pescod:

MANTLE RESOURCES (V-MTS) $1.20 +0.11
So what does an experienced mining analyst do if he’s
suddenly tired of analyzing other people’s work? Well,
maybe he decides to get into the business himself instead of
critiquing other people’s work.

One should always point out that there’s more to mining
than just finding a mine. While the odds of actually finding a
mine are probably one in 500 to one in 1000 (provided most
companies have three to five projects) just because you
found something, doesn’t mean that it will quickly and efficiently
become something that can produce revenue, cash
flow and the like. It takes additional skills other than geology
such as getting thing made, getting things past bureaucracy,
and getting things done without dilution of shares.

Anyway, all this gets us to the point that one well thought
of mining analyst Jim Mustard, formerly with Haywood Securities
and I suspect was quite comfortable there, decided to
chuck all the easy life and become President of Mantle Resources,
a lead/zinc project in north central B.C.

In a letter from Mustard that he has sent out to many acquaintances, he writes, “Mantle has the largest land position
in a belt of rocks that truly represents one of the last underexplored zinc-lead districts in Canada, if not the
world.”

While we will miss Jim’s thoughts from time to time that we always appreciated and we wish him well in his next
role and needless to say, if he’s making a switch like this for many of us, we now have to start following Mantle Resources.
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