Natural Resources >> Analyst Interviews >> December 20, 2004
IAN HOWAT, an Analyst with National Bank Financial, started off his
career as an exploration geologist but came to the conclusion that they
were the first to join the ranks of the unemployed in the event of an
economic slowdown. He then returned to university to obtain an MBA from
the University of Western Ontario in 1982. He spent three years as a
member of the Bank of Nova Scotia's Corporate Banking group, where he
served as an Account Manager. In this capacity, he used his geology
background to prepare financial and technical evaluations of proposals
for gold and other project financing for different groups within the
bank that were involved in such funding. Mr. Howat then spent 13 years
with Rio Algom, where he was last the Manager of Business Valuation. In
this role, he was responsible for evaluating capital projects and
acquisitions of operating mining properties and companies. In previous
roles within the corporate development group, he researched, prepared
and presented economic and financial evaluations of potential
acquisitions, new business opportunities and in-house development
projects. Mr. Howat has been an Analyst with National Bank Financial and
its predecessor companies for seven years where he follows the base
metals and related Canadian companies. He holds a BSc (Honors) in Earth
Sciences from the University of Waterloo and an MBA from the University
of Western Ontario. Profile
TWST: What has gone on from a market point of view with the metals andmining stocks so far this year?
Mr. Howat: The stocks have actually not performed as well as expected
considering how