This is why a management team’s track record is so important
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Special Report: A strong, experienced management team can reward investors many times over.
This is why investors should always examine the experience of key management — especially when it comes to mineral exploration, a sector which is inherently risky to start with.
Newly-listed nickel explorer Moho Resources (ASX:MOH)has one of the most talent-packed leadership groups on the small cap circuit.
Moho is chaired by Terry Streeter, who has a record of success in the WA nickel sector with companies such as Jubilee Mines and Western Areas.
In 1999, Mr Streeter founded a small explorer called Western Areas (ASX:WSA).
The junior nickel play raised $5m at 20c a share in its 2000 IPO; now, Western Areas is a significant miner with a $640 million market cap.
Streeter was also a major shareholder in Jubilee Mines, which was eventually swallowed up by Xstrata in a $3.1 billion deal in 2007.
He’s looking to replicate his previous success at Moho, which has a suite of highly prospective gold and nickel sulphide targets in WA and Queensland.
He is supported by a strong and experienced board, with geoscientist Shane Sadleir in the role of managing director, Ralph Winter as commercial director and Adrian Larking, ex-WMC lawyer and geologist, as non-executive director.
The technical team is headed up by Exploration Manager Bob Affleck and Principal geologist Max Nind.
They are backed by a number of consultants including world-renowned geologist Dr Jon Hronsky, who was responsible for the discovery of the Nebo-Babel deposits in WA – considered to be the largest nickel-sulphide find since 1993.