Global Resource Reference: Ned Goodman: I graduated from the University of Toronto with an MBA in 1962. I’m a geologist. Geology is my first love. I’ve been providing money to the resource industry for decades.

As a sideline I’m an investment manager of more than resources. I run four portfolios and I am a securities analyst. I ran Dundee well up until June of 2007 and then I quit because I realized the resource industry is where life will be easier for me, because I know it so well. I know the people.

Now I’m seeing properties that I looked at twenty years ago.

GRR: Let’s talk about this crack team you’ve put together for Dundee Resource Merchant Bank. You’ve hired engineers and geologists, not just finance people.

NG: That’s right. The formula is this: Let’s take advantage of 43-101s. Every one of my guys can write a 43-101 report—they’re engineers and they’re from consulting firms.

As you know, in the mining and oil and gas business, before a company can even tell you what they think they have in the ground, they have to publish a 43-101 technical report. Sometimes they can’t afford it; sometimes they can’t find the guy to write it soon enough.

When we see a press release that shows some good drill results, we ask, “What’s that worth?” So I get my guys, we go to the property, kick the tires, look at the drill results and we come home and write what we think the 43-101 is going to say. The company can’t tell anybody about the data until it’s public, but if you can figure it out without the company telling you because you’re smart, then you’ve got information that the public doesn’t have. It’s all there, you just have to do the work. And that gives us a great advantage.

GRR: What other tools do you have at your disposal?

NG: There’s a new device out there called a handheld XRF reader that can scan a drill core and give you an elemental reading right there on site. You know how difficult it is to get an assay. Sometimes you have to wait a month or more. Now we can go to an exploration project with one of those and pretty well tell what the grade’s going to be................................................Long On The Greens, Traps7