Posted AT 8:56 PM EST on 03/10/08
Cash makes kings
The global credit crisis of the past two weeks has blown up the established order of Canadian business, and created a new class system based on cash. In this emerging hierarchy, Sean Roosen must qualify as one of the lesser nobility.
The president of Osisko Mining Corp. is sitting on $140-million in cash – enough funds to support the next round of work on his $760-million gold mine project in Malartic, Que.
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