Published on: September 21st, 2018 • Duration: 92 minutes • Asset Class: Commodities • Topic: Career, Energy Commodities, Gold
Grant travels to western Canada for a conversation with Pan American Silver Chairman, Canadian Mining Hall of Fame inductee, and Order of Canada recipient Ross Beaty. The two discuss Ross’s extraordinary career as a serial entrepreneur across multiple different resources, and pick apart the successes and failures that have shaped one of the most successful mining executives of the last half century. Ross describes his successful ventures in silver, gold, copper, and alternative energy, and explains his deep philanthropic commitment to the environment, in a fascinating and engaging conversation. Filmed on July 23, 2018 in Bowen Island, British Columbia.Comments
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MSI don't believe in the "lucky gene pool" theory - it's not some random luck of allocation where in the world we are born; we are the products of our ancestors and the choices they made. And our children's lives will be shaped by the choices WE make. Ross here, may have been born in Vancouver during a boom but he could easily have chosen the life of a drunk and spent his life wasting away in hedonism... but he didn't. He made smart choices and his progeny will benefit as a result - this isn't luck... it's standing on the shoulders of the giants who came before.
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CMYet another magnificent piece by Mr Williams. I just can't believe the quality of conversation he continually is able to get from people. Bravo, well done and thank you for letting me sit over your shoulder once again.
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KLMore natural resources please : )
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dmDoug Casey's boy
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dmDoug Casey's boy
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ASI suggest making an interview with the Australian mining prospector: Mark Creasy, if possible. Thanks again.
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ASGreat interview.. Thanks Grant ... Looking for more in near future.
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GSFor those wanting to look into the company that acquired Alterra, it is *Innergex* and not Energex as stated in the transcript. (c.f. Website: http://www.innergex.com/)
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DHGreat job Grant. Great listening and "yep" "right" are actually things that keep the conversation flowing without interfering with it. Ross is a really interesting man and has great insights on not just mining, but life
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yd"Yep", "Right"....sorry Grant. Not sure how your interjections help the interview.
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CBExcellent interview and great content - I could have watched another 90 minutes.
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GGGrant, as a Vancouverite, thank you very much for doing such a wonderful job on this interview with Ross. You were very fortunate to have done this interview in July as we were ravaged by smoke in August from the worst year on record for forest fires in the interior of BC. Did anyone happen to figure out the 40 cent "flop" company that Ross was referring to that he felt may trade at multiples of current stock price in the future ? I haven't been able to figure it out. TIA
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SvGreat work RV! Thank you.
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SBI dream of a Nolan Watson RV interview one day
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WBOmg. That property was majestic. Great interview.
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MBgreat interview. I had the pleasure to meet Mr Beaty a couple of times and true to word fell for his charming sales pitch, in my case Pan American Silver and Equinox Gold (at higher prices...). But seeing this interview, it makes perfect sense why he/Equinox Gold bought the asset from New Gold last week. He is betting again on the cyclicality of the gold price and time will be on his side. Given how much money New Gold had to write off for this asset (or how "cheap" Equinox could buy it) is telling of his business smarts. This gives me comfort that in the end, his last "hurrah" Equinox Gold as he stated it himself will eventually do well. I guess what differentiates him to many other mining executives is the humble and non-arrogant manner/talk and execution of a business plan. Too many others are just in for the "get rich quick" scheme which may partly explain why the sector has such a bad reputation. A few more the likes of Ross Beaty, Sean Boyd or Mark Bristow would do the sector a great favor.
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GSYou are my favorit, Thank you: Give me more... Please...
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MFGreat interview! Wondering what Ross's view of the pebble creek mine project in Alaska are given his environmental stewardship.
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KFI wonder when (if ever) Equinox Gold is going to be profitable
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MZThanks Ross and Grant for a great interview, it was truly inspirational on so many levels and I enjoyed every minute.
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PBThanks a lot Ross and Grant! This was a fantastic conversation in a wonderful setting.
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FV”It is pure luck” that is my take away. Without people like Ross a lot of us would be less lucky😀
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PSif he cares so much about environment the guy should start a nuclear/uranium company - carbon free baseload power on a grand scale - weird that such an obvious thing wasn't mentioned
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PGAmazing! What a story!
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WMIt's great to have interviews like this with successful entrepreneurs. Ross's life story is instructive, very entertaining and inspiring, and there's so much to admire about his career and his philanthropy. About half way into this interview he mentions a trip south to look at a mining property - I'm guessing that was New Gold's Mesquite mine in southern California - which Equinox acquired last week. Looking at the details of that deal and how well it fits with Equinox's other mine in that area, it's clear that Ross is as shrewd as ever... Bravo Grant for another perfect interview. In a world of soundbites and tweets it's great to have these lengthy interviews with real substance.
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SUBrilliant and fascinating 10/10
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BFyour in depth interviews are always excellent. this one is beyond that.
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SKA masterclass in resource investing. Pair Ross's interview with Tony Deden's lessons in capital preservation and you have the best survival guide available.
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ICIt is one the best interviews I've ever watched in RV. Although Mr. Beaty says he owed much of success to LUCK, but I believe that his enormous work accumulated with the experienced knowledge brought him this stupendous career. So I can say that this gentleman validates the meaning of LUCK as "Laboring Under Correct Knowledge"!
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GOGrant, by the way, we will be needing a documentary on the global trade war that the US has started and how it will affect us all. I know it will be great! Cheers!!
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GORoss Beaty should write a book of the world of mining and all the adventure and danger he has experienced! I am sure it would be a great read! Thanks guys. Another great interview from Real Vision!!
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FMJust brilliant. Sheer inspiration. Grant Williams is the best interviewer of our time. Everyday I look forward to the next in depth discussion. So many life long lessons to take away from these mini autobiographies.
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JGGreat discussion. I think this was most enjoyable and informative and has calmed some of my anxiety with the mining sector.
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CPI loved the interview, but was frustrated by the fact that Grant didn't ask Beaty what made him so confident in his forecast for new all time highs in the price of gold. In an industry filled with promoters, frauds, and perma-bulls, Beaty shows a rare integrity, and therefore when he makes a statement like: "we know gold is going way beyond it's all time highs of 2011" it is worth exploring. This video went on for 90 minutes, spent lots on production, but came up short because it didn't ask a very credible person why he felt so confident about gold's future price-- and for that I would have traded images a hundred shimmering lakes.
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MZGrant probably asked fewer questions in this 90-minute interview than any of the much shorter ones he's done for RV, but then he didn't really need to say much. Beaty's enthusiasm is inspiring and infectious; he obviously loves sharing his great love for the resource business, environment, and life in general. He's one of my favorite CEOs, and it was great having him sit down with my favorite interviewer.
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PJBrilliant interview, about three hours too short
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ETGreat Interview!!!
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NIAnother spectacular interview Grant. I enjoyed every minute. Thanks so much.
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FDLove to see business guy that can recognize the value of the natural world and want to protect it from irrational human activity and it's impact on the ecosystems
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SDYou need to pace your interviewees. It's clear this guy got tired, and was having to push.
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AHVery good interview!
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MNFantastic interview! Grant alone can outdo himself! If only every interviewer just had the patience to listen rather than keep interrupting their guest just to get through their list of questions/notes.
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DDThis is great content and well done by Grant and Ross. Thank you!
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JHExcellent. Thank you, Ross and Grant. At the end of the day, we like do business with or invest in people we like and trust. Ross checks those boxes and has a fantastic track record. Glad to be a current shareholder in Equinox Gold.
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TJWhat a refreshingly uplifting interview! Ross Beaty is such a breath of fresh air in a commercial world that is all so often populated by greed and a disregard for honest endeavour or moral values! So great to hear the life story of a gifted entrepreneur who also possesses rare humility. His enthusiasm for life is so infectious. Listening to Ross and Grant in conversation has already made my weekend!
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TSAnother amazing interview, thanks!
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GSDamn, that opening sequence!
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CCGreat interview Grant and Ross. Thank you for sharing your time. A wealth of knowledge, a healthy helping of common sense, and a reminder that persistence married to frugality, morality, and merit can and will payoff in the end. That is a message that refreshes the soul of entrepreneur and investor alike.
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BTShould get Lukas Lundin, Rick Rule, Marin Katusa, Eira Thomas into this conversation
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NGGreat guy who has lead a magnificent life. A privilege to be able to listen to his life story.