Miners changing perceptions

SCOTLAND and Norway are popular tourist destinations and perhaps more renowned for tartanclad bagpipe players and stunning fjords than perhaps base metals. But a couple of WA companies are doing their bit to try and change those perceptions. Scotgold Resources Ltd is a Perth-based exploration company that would have had the dealing desk at Montagu kissing their tartan socks this week when it got off to a flying debut in a soggy market. Scotgold shares were issued at 25 cents each but raced to 45 cents before closing at 30 cents. Montagu was the sponsoring broker to the $4.9 million initial public offering. Meanwhile Northern Iron (see page 10) has managed to get others to take a look beyond the fjords and Norway’s iron ore potential. Northern Iron shares have delivered investors a 40 per cent return since debuting late last year.

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