In this episode, we chat to Ravi Sood, Chairman of Galane Gold who is a gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa, and the US. Ravi is an entrepreneur with many business interests. He tells us about Galane Gold, its future prospects, and some of the other interests that Ravi is pursuing with the mining and resources space. We also talk about macroeconomics and what is
happening in today’s financial world. KEY TAKEAWAYS Gold is unique. Even in today´s digital world, it has a strong future. There is plenty of room in the industry for smaller operators. Mines that do not fit well into large companies’ profiles represent opportunities for other types of owners. Galane Gold likes to buy working mines that can be invested in and grown. Established mines come with strong working relationships and networks, which helps to get things done fast. There is usually also infrastructure already in place that can easily be upgraded. Transitioning their Botswana gold mine from open cast to underground has added decades of productive life to the asset. Galane Gold funds its own projects. The company is heavily insider-owned. Their key goal is to create value for the owners, so they take fewer risks. The economic situation we have now is mathematically intractable. The world cannot run the same playbook that got us out of trouble after WWII. Inflation will hurt a lot of people, but it is likely to be the way out of the current financial crisis. Precious metals and a few other assets tend to perform well in inflationary environments. Galane Gold´s current focus is ramping up production across their sites.
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