Replies to post #1818 on International Battery Metals Ltd (IBATF)

[TradingCharts]

That is what came up when I googled not sure if there is a conection. I thought the spelling was different on some of the search hits.

[TradingCharts]

TD: Ross, how did you get started in the business? Where did you cut your teeth?

RB: I went to University of British Columbia. I got a geology degree. Then I went to the London Royal School of Mines in London for a master’s degree. On the side -- I hardly ever mention this -- I actually have a law degree as well and qualified as a lawyer but I never wanted to practice. But it was good background.

So I really finished all that in the 70’s, going to school and working as a geologist to make money to put myself through school.

In 1980, I started with my own company Beaty Geological, a little contract geology company. I worked very hard all over the world, West Africa, New Zealand. Lots of work in the United States and Canada and in 1985, I took my first company public. Actually Rick Rule was a seed investor in that company. That’s where I got to know Rick. It was in ’85.

The company was called Equinox Resources and Equinox taught me a lot of painful lessons as my first public company. I didn’t have anybody telling me how to do things or working with me. So we ended up acquiring a bunch of good projects, a lot of exploration work and we had many, many calamities in Africa and in California.

I remember spending three years trying to permit a 50,000-ounce gold mine in California, which is just stupid. I mean it was a lesson that I learned that small projects make small money and yet they have big hassle. So you always should focus on size.

Anyway, we had a lot of projects in Nevada, in California and in Utah, all over the West and eventually found a gold mine. We had a novel exploration technique called “walking” and we walked over the mountains in Nevada and we discovered a gold mine. We staked some ground and optioned it to one company. They drilled it and dropped it, gave it back to us. Then we optioned it to another company. They drilled just a little deeper than the first company drilled and bingo, there was a really nice high grade gold deposit called Rosebud.

Well, Rosebud was owned in a 50-50 joint venture with LAC. LAC said it was a little bit too small for them. So in the bear market of 1992, we offered to buy it from LAC. We couldn’t raise money, but I was able to sell the royalty. With the money from the royalty for a couple of million dollars, we bought it from LAC, had 100 percent of the project.

The following year, we had an offer to sell the whole company to Hecla for $107 million basically on that one deposit. So it was just a matter of – the deal timing was lucky and the market turned right after we did the deal and Hecla wanted an asset like that to replace when it was going out of production.

So it was just an absolutely great deal. It was a win-win and we sold the company in the spring of 1994. At that moment, I didn’t want to retire. So I took all our team and because I thought that the US market particularly needed a real silver play. I thought this was a cool thing. This would be a cool thing to do with my second public company and so I started Pan American Silver from scratch.

We bought a shell company that had no assets and no money and I think it was a seven-cent share price. We had a mission with no assets to build the world’s biggest silver company.

https://www.proactiveinvestors.com/companies/news/272099/ross-beaty-backing-wisest-men-and-women-of-a-sector-usually-recipe-for-success-5525.html