higher on the tsx, page-7

Thanks Nick. Looking at Steyn's investment in Mantra, it was facilitated by his relationship with Middlemas and it turned into a pretty quick pay day with the ARMZ takeover so maybe Coalspur is going to be something similar. Maybe we won't own a chunk of a North American energy giant with these guys at the helm in five years.
The other thing to consider is Steyn's background. He's a non-ferrous specialist. Nickel, chromium, uranium etc. Coal's a big departure technically. He wouldn't have huge knowledge or contacts on the marketing side either. That leaves his reputation and his money. What I like is that he keeps putting his own coin in to maintain his stake.