Sarissa Resources Inc (SRSR)

[GoinGreen]

Interesting DD. Daddy a whale to say the least. I am gonna go on a limb and say that son wants to be like dad.

Norman Keevil, Chairman, Teck Cominco
JACQUIE MCNISH

Globe and Mail Update

May 25, 2006 at 11:01 AM EST

The son of a mining promoter famous for placing big bets on long shot mining plays, Keevil, 68, has carved out his own reputation as a risk taker since he joined the family controlled Teck Corp. in 1963.

In the mid 1980s, Keevil moved Teck into the big leagues by acquiring a stake in Cominco but it took years to dig Teck Cominco out of heavy debts stemming from the acquisition.

Keevil bet again in 1995 by buying a 10 per cent stake in the Voisey's Bay nickel discovery with almost no advance investigation of the remote ore body.

Keevil's gutsy investment forced Inco to pay more than it had planned for its initial stake in Voisey's Bay. He raised the stake for Inco again when Teck Cominco announced a $17.8-billion bid to buy Inco. Market watchers were quick to dismiss the bid because of its low premium and a refusal by the Keevil family to eliminate the dual class share structure that allows them to keep control of the company.

Observers have speculated that Teck Cominco's real objective is to link up with one of the bidders to gain control of the far flung mining assets owned by Inco or Falconbridge.

Gonna make some $$$$$$$$$$$ here.

BTC