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Pastimes : Crazy Fools LightHouse -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (2834)	10/7/2007 9:30:09 PM
From: ms.smartest.person	Read Replies (2) \| Respond to of 3198

&#8362 David Pescod's Late Edition October 5, 2007 AURELIAN RESOURCES (T-ARU) $7.90 -0.12 The news is finally out on Aurelian Resources and it’s a big one. Aurelian has announced that their 100%-owned Fruta del Norte epithermal gold project in southeast Ecuador according to independent consultants hosts 58 million tonnes grading 7.23 g/t gold with a nice little kicker of silver as well. Analyst Wendell Zerb at Canaccord writes, “FDN is clearly a world-class asset with the potential to be a highmargin gold operation. The core of the FDN deposit centered at 3400N opens the potential for a phase 1 starter zone that could produce what we believe is in excess of 700,000 oz of gold per year starting in three to five years.” Zerb also points out that “Metallurgically, initial tests show high recoveries” which is also important. He does point out though that “political risks in Ecuador remain high.” As far as a target, Zerb comes up with $13.00, which shows that there is still some upper momentum left ... one would hope. Meanwhile, there are other analysts out there with other opinions and we notice Dundee Securities analyst Mark Smith has a target of $14.00—even better for some Aurelian shareholders. For those who would like a copy of Zerb’s report, just email Jennifer at jennifer_lagdamen@canaccord.com. 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. There's lots of “how to fix” books out there, certainly by anyone from Dale Carnegie to Donald Trump, with Trump’s books starting a scale lets say at 0 moving up to Carnegie's which actually gave you some thought about planning your business life/personal life, you name it. But if you’re looking for a great light read if you’re on an airport trip, I would highly recommend Seymour Schulich’s book “Get Smarter.” First of all, he’s become a billionaire through investing his money in natural resources, both mining and oil and gas and when you become a billionaire that tells you that you must have done something right. It’s a nicely laid out book where he looks at everything from sex & love to how successful business people have to learn to say “no”, to the art of deals of investments, to you name it. There's some cliché’s in here that a person may have heard before, but it’s probably going to stay with you and for many people it’s just a nice review of how things are going in their own life and what may be they should pay a little more attention to. Besides the 30-odd chapters of little ideas on running your life and your business, he ends the book with a rapid tour through the Mid-East, an area of the world that is probably going to shape investing patterns for decades to come and that alone is worth the price of the book. But once again, this is all pretty realistic stuff that you’re going to be looking at. Just look at Chapter 13 on Sex & Love, he writes, “Sex was put on this earth to make fools of people and it does all the time.” He also writes, “Every fall from grace, every personal crack-up or failure invariably can be traced back to one or more of the following four causes: 1. Ego… 2. Greed… 3. Alcohol/drugs and 4. Assistants with big breasts…” We are not making this up...that’s what he wrote! Definitely an interesting read for that two or three hours of quiet time on a business trip somewhere.