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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (94930)	5/9/2003 10:03:51 AM
From: Enigma	Read Replies (2) \| Respond to of 116995

Actually, after Clairtone Peter Monk started a hotel venture in the Pacific, initially in Fiji, with his long time associate David Gilmour. When they returned to Canada he started Barrick with a marginal producer in the Yukon I believe. They really got into business when they bought Camflo Mines for loads of Barrick paper - Camflo was saddled with debt and pretty well in the hands of its bankers. Bob Smith, a dour mining engineer, was President of Camflo and he turned out to be a good foil for Munk. But with the Camflo acquisition Barrick got a group of terrific miners, and some pretty good geologists too. But Smith was essentially an employee and not an entrepreneur at all.