There are about 600 companies listed on the ASX who explore for...

There are about 600 companies listed on the ASX who explore for some sort of commodity. A lot are gold.And every single one of them will tell you they have a good management team. In some cases, they are correct but mostly, they aren’t.Many exploration management teams often don’t recognise, or pretend not to recognise, that their project is a heap of garbage. Now they can’t be blamed for that. It is their job to be promoting something – that’s what they have been asked to do, but at the end of the day, those companies probably won’t be successful. But every now and again a company has a champion — someone who attracts the talent and points them in the right direction. I think the qualities of champion are a central person who holds everything together and attracts good people, because they are a good person.How do you discover that person? Often it is best to meet them in person — at a conference, for example — before making a judgment, Do you think they know their job, and do you think they are being honest with you?

Enter David Reeves