Money of Mine
Where mining meets equity markets, and noise gets cut to signal. We unpack the stories moving commodities, companies, and capital without the fluff. Featuring candid conversations with fund managers, executives, and commodity specialists. Hosted by Travis Ricciardo and Jonas Dorling.
Episodes
Discovery, Luck and the Thrill of the Chase (Mark Bennett)
Exploration geologist Mark Bennett joins us for a conversation on his journey finding world-class ore bodies, from his start at Western Mining, through discoveries at Thunderbox and onto the staggering story of the Nova-Bollinger discovery.Mark shares stories from WMC, getting a taste for success at LionOre, the disaster at Apex that taught him how boards really work, and his deal with Mark Creasy
From Boom to Bust and Back (Ken Brinsden)
Ken Brinsden joins us today to trace a remarkable career across the mining industry, from underground gold and Victorian mineral sands to building Atlas Iron and turning Pilbara Minerals into a lithium powerhouse.Ken shares his journey from the highest highs and down to the troughs, only to rise back up. From the debt & commodity cycle that stumped Atlas, to the brutal 2020 lithium downturn an
Hunting For Outliers (Tony Manini)
Tony Manini joins us for a wide-ranging conversation on a career built around discovery, from leading the team that found Sepon in Laos to the wild ride of Oxiana/OZ Minerals and the founding of EMR Capital.Tony lays out his core belief that exploration and investing are fundamentally the same venture capital game — all about managing probabilities, sizing the prize, and having the discipline to c
Time Arbitrage & Fourth Grade Math (Mike Alkin)
We're joined by Mike Alkin of Sachem Cove to break down where we are in the uranium cycle, why his supply-driven thesis evolved, and what he thinks of the SMR and data centre hype.He digs into the broken price reporting that distorts the market, Kazakhstan's value-over-volume shift, the East-West bifurcation of supply, and how to think about a world-class asset like NexGen's Rook I in
The Oil Shock That Wasn't (Rory Johnston)
Oil analyst Rory Johnston joins to unpack a wild three months in the oil market, as an Iran deal is on the cusp of being signed and Brent bounces around. Rory walks through what actually moved the market, why prices underreacted to a major supply shock, and what it all means looking forward.• China’s import collapse: the biggest surprise of the crisis• How jawboning and volatility crushed bullish
Deficits Drive Bull Markets (Sam Berridge)
Sam Berridge from Perennial is back after a wild first half of 2026. We run through just about every commodity under the sun.Gold's sold off, but the fundamentals haven't changed. What next? We also get into why the structural deficits he chases tend to survive the chaos, as well as the latest on the aluminium setup.In this one we cover:Gold's sell-off and the long-term thesisThe Iran
Buying Gold Miners When Everyone is Selling
Chase Taylor and Zach Abraham from Bulwark Capital join the show to unpack a world turned upside down. The pair walk through why oil could be mispriced by $30 or more, how cheap drones and missiles have rewritten the global security picture, and why the debasement trade is only taking a breather.We also dig into the quiet detente between the US and China, the "electric stack" thesis span
The $1.6 Billion Bet on Hard Assets (James Davolos)
We've wanted to have this conversation for 3 years.Our guest today is James Davolos of Horizon Kinetics, the New York-based deep value firm managing over US$11.5B across a range of contrarian strategies, where James runs the ~$1.6B Inflation Beneficiaries mandate.The core reason for wanting to speak with James is that he's responsible for fundamentally changing how we view the hard asset m
The 3 Trades That'll Win the Next Decade (Michel Mamet)
Michel Mamet started his fund on 3 key pillars. Gold, energy, and resources. His strategy has returned ~90% since inception 18 months ago.In this conversation, Michel walks through the three foundations of the fund, why he built it to invest globally from day one, and why he sees Australia as an increasingly difficult place to deploy capital. We get into the mechanics of the recent gold sell-off,
Whitehaven's Big Bet (Paul Flynn)
Paul Flynn has spent 13 years building Whitehaven Coal into one of Australia's most consequential resources companies. He's joined us to share the story.From a deal many considered one of the best in recent mining history, to the structural shift in coal's floor price, to why India is quietly becoming the world's most important met coal growth market, we're excited to share our
Inflation Is the Only Escape (Chris Judd)
To understand the commodity moves, you need to understand the macro.Chris Judd joins us to dive deep into the big picture.Founder & portfolio manager at Cerutty Macro Fund, Chris' perspective and model for navigating the world helps us break down many of the big themes in markets today. Chris covers:Why the Strait dynamics may reflect US strategic intent - and what naval choke points mean
The End for Australian Exploration?
The Federal Budget has dropped a bombshell on the mining and exploration sector.Proposed CGT changes could leave a generational mark on the industry, the economy, and everyday Australians.We sat down with the people best placed to explain it.Warren Pearce & Neil van Drunen from AMEC (Association of Mining and Exploration Companies) represent 500+ exploration and mining companies across Austral
This is a Hard Reset Moment (Emanuel Datt)
Emanuel Datt (founder & CIO of Datt Capital) has been selling.He's now at 30%+ in cash. The Datt Absolute Return Fund has compounded at over 17% pa for near a decade. The Strait of Hormuz shutdown marked a hard reset of the portfolio. We've got lots to discuss.In this conversation, Manny covers:Why the Iran War triggered a full portfolio resetHis decisive rotation into refiners and thermal coa
The Most Overlooked Commodity Opportunity? (Vas Piperoglou)
In today's episode, we're joined by value investor Vas Piperoglou.Vas is the co-founder and chief investment officer of Collins St Asset Management. He runs one of Australia’s most consistently high-performing value investment firms, with a knack for starting special situations funds in markets near and dear to our hearts. Collins St has played 3 resource capital cycle thematics. All three
The Gold M&A Wave Has Started (Hedley Widdup)
A absolutely favourite guest is back - Hedley Widdup of Lion Selection.Leading one of the industry's sharpest specialist mining investors, we work through the state of the gold stocks, where capital is moving, and what the cycle looks like from the inside.Hedley runs a portfolio of junior miners and explorers built on a foundation as a mine geologist across WMC, Xstrata and Goldfields. He thinks i
Australia's Power Grid Is About to Break (Matt Fist)
Today's episode is with the great Matthew Fist, portfolio manager at Firetrail Investments, where he focuses on Aussie small-cap resources and industrials.Fresh off the Macquarie conference floor, Matt brings his technical expertise, honed in previous roles at Macquarie and BHP, to the table as we chat through a raft of companies and commodities.The topics discussed include:What Aussie funds are a
Sandfire’s Brendan Harris: Risk Less, Win Bigger
Brendan Harris, MD and CEO of Sandfire Resources, joins Money of Mine for a conversation on building a lower-beta copper company in a volatile sector.His philosophy is clear: miners cannot control commodity prices, FX, freight, input costs, grade variability, geopolitics or market sentiment, so they must ruthlessly eliminate the volatility they can control.We discuss why debt can be dangerous in m
Australia's Once in a Generation Energy Opportunity
This is a different episode for us.Rusty Delroy is back - and this time he’s brought company in the form of Will Barker.Rusty is the founder of Nero Resource Fund, compounding at ~26% per annum since inception in 2013.Will leads Equus Energy, is a director of Strike Energy and Carnarvon Energy, and is a geologist with decades of experience building large-scale gas projects.Two deep thinkers on ene
Bargain Hunting in the Market Sell-Offs (David Franklyn)
Today we're sharing our conversation with natural resource fund manager David Franklyn, covering as a whole host of the commodities and company's we love chatting about.Dave walks through how the fund navigated one of the wildest quarters on record, and where conviction sits today across a portfolio spanning copper, lithium, uranium, gold, and oil & gas.This episode goes deep into how
Moz' Special Sits Playbook: MIN, SMR, 29M
Moz is back.Nearly a year on from the MinRes spectacular, Moz has joined us again to dive into the opportunities capturing his attention. In keeping with his style, we go deep on special situations where the market is presenting potential value.Our conversation centres around 4 main stocks and themes: MinRes, Stanmore, 29Metals and the energy sector.We explore:Why MinRes is still being priced like
Dial-a-Fund-Manager
We need inspiration for today's episode - and it came our way.We picked up the phone in an attempt to make sense of everything going on in this market. We called some fund managers to get clarity and ask the questions we can't get off our mind.This episode goes deep into how smart money is positioning in uncertain times.In the episode, we discuss:Why energy prices could stay higher for lon
Forget Valuations. Hard Assets Go Higher (Tony Greer)
We sat down with Tony Greer, founder of TG Macro and a 35 year Wall Street veteran whose career has seen him on the desk at banks from Sumitomo to UBS and onto Goldman Sachs’ commodities arm, where he operated the firm’s gold and silver books.Tony reads markets through a lens we rarely use on this show: pure price action, sentiment, and sector rotation, with valuation deliberately off the table. T
We Visited 7 Mines in Africa. Here's What We Found
After visiting 7 mines across South Africa and Zambia in 10 days, we unpack the biggest takeaways while waiting to board our flight home. From massive copper and operations to PGM shafts, gold tailings plays, enormous coal mines, the trip challenged some of our long-held assumptions. We discuss why Africa may be mispriced as a mining jurisdiction, the reality of costs, productivity and logistics,
Rick Squire on the Junior Miners That Can Actually Make It
Rick Squire, portfolio manager at Acorn Capital, breaks down a volatile start to the year and where opportunities are emerging across mining equities. • Volatility is creating mispricing, patience and discipline matter more than trying to time markets • Commodity cycles drive returns, producers first, then developers, with gold developers currently the sweet spot • Copper is a supply story, agein
The Hedge Fund That Stays Ahead of the Street (Matt Zabloski)
We sit down with Matt Zabloski of Delbrook Capital, for a rare look inside how a long short resources fund actually generates returns, including a standout 151% year in 2025 and a strong start to 2026.Matt’s core view is that commodities are entering a structural, not cyclical phase, driven by decades of underinvestment and a growing global supply imbalance. Rather than calling commodity prices, D
If this were Doomsday, Markets would Show It (Alyosha)
JJ, who writes under the Substack name Alyosha, spent decades as a pit trader on the Comex and Nymex, trading precious metals, energy, and commodities in an era before Bloomberg terminals and algorithmic flow.He has written over a million words on markets since 2024, publishing twice daily and building a body of work that blends hard won trading floor experience with sharp geopolitical analysis.Wh
Last Energy Crisis, This Sector Went Up 20x (Ferg Cullen)
Straight into it with Ferg Cullen (aka Trader Ferg) in a volatile tape.Core view, energy security is back, and the system is tighter than markets are pricing. Europe is boxed in, storage low, and policy choices are starting to bite.Coal remains his cleanest trade. Strong balance sheets, rising demand, and underappreciated upside as we move back toward winter.The bigger shift is “just in case” over
Lessons from Building 6 Gold Mines (Matt Wilcox)
Matt Wilcox and his team have built six mines in the last 14 years and counting.Most of them in West Africa. Some in places where logistics alone would stop most teams before they start.He’s now running Robex and just pulled off one of the more interesting deals in the gold space, merging with Predictive to consolidate Bankan in Guinea.This one is less about promotion and more about how things act
How Capital Cycles Create 100 Baggers (Django Davidson)
We sat down with Django Davidson, portfolio manager at Hosking Partners, to discuss the capital cycle framework, one of the most sensible lenses for investing in mining and commodities.Hosking manages ~US$8B in capital, using a model honed over 40 years.Django's approach is rooted in supply-side analysis, contrarian positioning, and the discipline to average into cycles. We believe this approa
Forget FalconBridge. NexGen is Gilman's Big Score
Warren Gilman is the Chairman and CEO of Queens Road Capital, a TSX-listed natural resources investor, targeting long-term bets on the world's best mining projects.Backed by investors including Li Ka-shing, Jack Cowin, and Brett Blundy, he has built one of the more distinctive vehicles and delivered sector-leading returns.Before Queens Road, Warren spent over 25 years as an investment banker to th
This Energy Crisis Could Get Ugly (Arrakis Global)
Leon (aka Arrakis Global) is a pseudonymous generalist fund manager, a former banker turned go-anywhere, thematic fund manager with a track record that has been up and to the right.We have the privilege sharing his podcast debut.This episode goes deep into how a generalist with a commodity bias navigates today's markets.In this conversation, we dive into:Why he treats risk management as a reli
He Poured Drinks for Mining Legends. Now He Beats Them (Rick Rule)
We sat down with the great Rick Rule, one of the natural resource industry's biggest names of the last 50 years, to dig into his career spanning bull markets, busts, banking, brokering, and everything in between.Rick is a true contrarian, as overused as that expression is, who combines deep commodity knowledge with hard-won wisdom on speculation, capital allocation, and experience in working with
Mark Connelly on Why Every Miner is for Sale
We sat down with Mark Connolly, one of the most prolific deal-makers in the Australian mining industry, to dig into what it really takes to build and sell a mining business.With a track record that includes Adamas → Endeavour, Papillon → B2Gold, Cardinal → Shangdong and many more, Mark has been at the table for more transactions than almost anyone in the ASX mining space.In this conversation, Mark
Why Aluminium Just Hit a Four Year High
We sat down with Alan Clark of CM Group — aka “Aluminium Alan” — one of our favourite people to speak with and a with tremendous commodity insights focused on the global aluminium, alumina and bauxite markets.This episode is packed with detail on one of the world’s most important and underappreciated metals markets, from Guinea’s dominance in bauxite supply to the ripple effects of China’s smeltin
Listeners Are Back Pitching Their Top Mining Stocks
We did it again. Following the feedback from last month's retail stock pitch episode, we opened the lines and let Money Miners dial in to pitch their best ideas.Today's episode is that conversation - Part 2.The stocks pitched ranged from WA gold developers to vanadium turnarounds to Italian gas plays. From Chile to Guyana to the Lachlan Fold Belt, we got served up plenty of new ideas.This
Why Management Matters more than Project (Will Thomson)
We sat down with Will Thomson of Massif Capital, fresh off a standout year for the fund, to dig into his high-conviction bets across materials, energy, and industrials.Will is a deep, contrarian thinker who has grown his fund by finding value where others aren’t looking. This episode is no different, with some punchy views on gold, mining management & commodity investing. In this conversation,
The Uranium Deal 10 Years in the Making (Brandon Munro)
We sat down with Brandon Munro from Bannerman Energy to discuss their transformative deal with CNNC and the broader uranium market landscape.Brandon has been at the helm of Bannerman for a decade, guiding the company through one of the most challenging financing environments in mining. With deep expertise in the uranium sector and years of experience operating in Namibia, he shares unique insight
Why Smart Money Is Buying Energy Chaos (Saul Kavonic)
We continue our exploration of the energy space with today’s guest, Saul Kavonic. Saul covers the Australian energy sector as an analyst with MST Financial and has been a prolific commentator for a number of years with many high conviction calls. In this episode, he runs us through: • The macro landscape • The Woodside vs Santos debate • Which basins are the most exciting in Australia • Companies
The Ultra Bull Case for Lithium (YJ Lee)
Today we're sharing our conversation with YJ Lee, founder of the Arcane Green Metal Fund, fresh off an incredible 165% return in 2025.YJ breaks down the explosive dynamics driving lithium and silver markets, and why we're only at the beginning of a multi-year commodity supercycle. With lithium demand set to grow 33% annually and China dominating the EV supply chain, the West faces tough ch
The Strategic Metals Awakening (Craig Tindale)
Today we’re sharing our conversation with Craig Tindale, author of the widely read “Return to Matter” paper. Craig’s writing captures the fragility of the situation that the West finds itself in, as China’s dominance in the physical world comes home to roost. Be it mineral processing all the way to defence equipment manufacturing, China now accounts for the vast majority, and in some cases the ent
Is Oil the Next Commodity to Rip? (Josh Young)
We’re branching out for this episode. Today, it’s all about energy. As metals markets have moved violently higher across the board, we called on Josh Young to hear his take on where we are in the energy cycle. We’re hunting for potential value. Josh unpacks with us: • The “oil glut” narrative • Why funds are max bearish • What’s next for shale • Why people get China wrong • Which stocks are showin
11 Listeners Pitch Their Top Mining Stocks
We threw the bone out there (via Twitter) and asked the great crowd of mining investors & speculators for their best ideas. A simple 5-min spiel on why you think the company is going places. Today’s episode is that conversation. We hope it gets you thinking. A huge thank you to all the Money Miners who joined us to pitch their stock ideas. Follow them: • TwinTurboCelica (@TwinTurboCe1ica)
Huw McKay Makes Sense of the Chaos
Today, we’re sharing a conversation with BHP’s former head economist and ANU Visiting Fellow, Huw McKay. Huw is an incredibly deep thinker about global commodity markets, geopolitics and financial systems, making him the perfect guest for the current volatile environment. We leverage Huw’s expertise to explore topics including: • Xi’s push for the RMB supremacy • The debasement trade & govern
Coal in 2026: The Energy Inflection Point (Matt Warder)
With coal stocks moving strongly of their lows of 2025 and the funding landscape being flipped on its head, we called upon the most knowledge person in the sector, Matt Warder, to give us the run down.In this conversation we covered:• Who’s in the M&A hotseat• Where met and thermal prices move• How Matt’s constructing his portfolio• Whether India is replacing Chinese demand• The changes wrough
The Spine-Tingling Metals Bull Market (John Forwood)
In today’s show we bring back on the man behind Lowell Resources Funds stellar returns, John Forwood. With his geological experience and stock picking nous, John shares what’s exciting him and equally what’s got him concern in these buoyant markets. In this episode, we cover: • What the meteoric run in gold & silver means for his portfolio • The unloved parts of the market getting him interest
Why Generalists Can’t Ignore Commodities Anymore (Sam Berridge)
Sam Berridge of Perennial Value Management joins us to pick apart the huge start to 2026 in the commodity markets. With gold pushing toward $5,000, copper at all-time highs, and generalist investors looking to flood back into resources, we explore the drivers behind each move. Sam shares his insights on the copper supply dynamics, where value in gold still is, uranium positioning, PGMs, aluminum
Riding the Face-Ripping-Rally with Tom Woolrych
Tom Woolrych, fund manager at Deutsche Rohstoff AG, joins us to reflect on the remarkable commodity rally underway. With Tom's Geo-Alpha approach, we dig into Q2, Winsome, Wildcat, Wia Gold, Hot Chili, Peel, Adina, Dwayne Sparkes and more.Connect with Tom here: Twitter; LinkedIn …………...… DIRECTOR'S SPECIAL EMAIL Join 15k+ subscribers to the Director’s
2025: Will We See Another Year Like It? (Peter Ker)
Our final episode for 2025 is our outro classic, with none other than the AFR’s Pete Ker joining us. In this special episode, we unpack the biggest stories of the year, including: • Geopolitics changing the game • Big-town M&A • Is Simandou the disruption it’s made out to be • How succession will change the landscape • Our 2026 predictions Thank you, Money Miners, for the fantastic year – we’r
Mining Private Equity Unmasked (Fraser Perry)
Today we’re going deep into the world of mining private equity with Fraser Perry. If those words don’t mean an awful lot to you, don’t worry, because we’re going back to basics. We break down: • What mining PE is • The scale & impact it has on the industry • How these investors are incentivised • And what mining PE will look like in the future The goal is to pull the veil off from influential
30 Fundies’ Highest Conviction Trades for 2026 (Part 2)
The second half of the 30 top fund managers share their boldest predictions for 2026 in the commodities sector. Each guest answers the same four rapid-fire questions: • Their highest conviction call• Most non-consensus view• Best performing commodity • Worst performing commodity …………...… DIRECTOR'S SPECIAL EMAIL Join 15k+ subscribers to the Director’s Spec
30 Fundies Share Their Best Picks for 2026 (Part 1)
In part 1 of this special episode, we bring together 30 top fund managers to share their boldest predictions for 2026 in the commodities sector. Each guest answers the same four rapid-fire questions: • Their highest conviction call• Most non-consensus view• Best performing commodity • Worst performing commodity From gold and copper to uranium, nickel, and beyond, you’ll hear a diverse range of exp
How a New Global Order Is Rewriting Commodity Investing (Tomasz Nadrowski)
Tomasz Nadrowski is one of the deepest thinkers in the natural resources sector, and we finally got him on the show. From his position in New York, Tomasz's fund invests purely in non-Chinese critical mineral plays – a challenging feat in a sector dominated by Chinese offtakes, mining, and processing. We pressed Tomasz to share his unique views on the most critical themes shaping the industry,
Why The Mining Boom is Just Beginning (Hedley Widdup)
Where are we in the mining cycle? That’s the question we look to answer today. Hedley Widdup joins us to discuss his views on the current mining boom, which is slowly revealing itself, as well as a raft of other topics, including: • Whether juniors or producers are next to run • The buy vs build debate • What the IPO market is telling us • How the majors can reinvent themselves We hope you enjoy
The Copper Sleeper that Nobody’s Watching (Anthony Kavanagh)
Today’s episode is a bit different. Joining us is show favourite Anthony Kavangh, to share his view on a specific stock… Havilah. Kav has been on a long and winding road as an investor in the South Australian copper hopeful and today he shares the whole story. As a fund manager whose performance speaks for itself, we’re intrigued to learn about his thought process as well as the entertaining stor
Why BHP Will Return for Anglo (Again)
We’ve got a special episode to share today, full of yarns about all the biggest stories in mining. A recurring deal that’s near and dear to has returned once more… its BHP-Anglo version 2. The lithium market has provided no end of entertainment lately, and the astonishing run up in the stocks got us asking: Where do stocks go from here? Lastly, we’ve attended a number to AGMs this season, so we s
10 Strategic Metals: Overrated or Underrated? (Jack Bedder)
Today’s guest is Jack Bedder, a man who’s built a business around understanding some of the most niche and fascinating metals on the planet. In this episode, we dive into 10 of the world’s hottest future-facing commodities – from antimony and tungsten to tin and beyond. Jack breaks down what’s really happening in each market, the forces shaping supply and demand, and whether he believes each metal
No Spin, Just Tin. Brett Smith on MetalsX and Every Tin Project
Brett Smith joins us for an unexpectedly open conversation about Metals X, its turnaround and the state of the global tin industry. We have criticised Metals X in the past, which makes Brett an unlikely guest, but he leans straight into the tough topics. He walks through how a now $700m producer had to slim costs to one employee, capital allocation strategy, his views on the entire tin project pip
The Current Commodity Supercycle (Paulo Macro)
Today’s episode is a wide-ranging conversation with Paulo Macro. Paulo’s been sharing some fantastic and thought-out views on many commodities, as well as his all-encompassing that we’re in a new supercycle. He details and expands upon these ideas, while we quiz him on copper, uranium and energy, where he shines a light on the key features to watch out for as markets grind or burst higher. Stocks
The Lundin Legacy (Adam & Jack Lundin)
Our guests today are Jack and Adam Lundin, of the renowned Lundin Family, a name synonymous with value creation and long-term thinking in the mining sector. We were fortunate to record a conversation that delves into their philosophy and vision for the future. Among many topics, we cover: • Their approach to creating sustainable value in mining investments • Why the Vicuña joint venture is truly
Mick McMullen on Deals, Discipline and Activism
What does it take to create billions in value – and reshape an industry? In this episode, industry veteran Mick McMullen shares lessons from the front lines of major deals and corporate strategy, with insights from his roles at Stillwater, Detour, and MAC Copper. With more than $10B in transactions under his belt, Mick discusses what drives successful mergers, what makes copper a battleground for
What Gold’s Past Tells Us About Its Future
We’re mixing it up today with a different kind of episode featuring a Money of Mine favourite, Sean Russo. Sean’s a fountain of market & mining knowledge, and we tap into it to uncover: • What history teaches us about how to play gold • The key ratios that really matter and what they’re screaming right now • The global forces driving gold higher Plus, plenty more insight, stories and sharp t
Smart Money is Buying-the-Dip in Copper and Gold
For today’s wrap we’ve brought of Dave Franklyn from the Argonaut Natural Resources Fund. Dave helps us navigate through a bunch of macro talking points, from the big US government nuclear deal to gold’s volatility and copper’s strength. We then jump into the high and lowlights from this week’s quarterlies, exploring companies from Develop to Boss Energy to Liontown, plus plenty more. Grade contr
The Playbook Behind Evolution’s $20B Gold Success
This is the story of how Evolution Mining rose from a junior with a busted project to be one of Australia’s best business success stories, all in under 15 years. We trace the journey back to the Sino Gold days, uncovering how Jake Klein and his team built China’s largest foreign gold miner, then sold it all and started again. From the deals that defined Evolution to the close calls along the wa
From Royalties to Real Assets: Smallwood, Awram, and Jay Martin
In today’s episode, we’re sharing highlights from 3 great conversations we recorded on air at IMARC. Our guests are David Awram, co-founder of the recently acquired Sandstorm Royalties, Randy Smallwood, CEO of the US$45B Wheaton Precious Metals, and Jay Martin, host of the fantastic Jay Martin show. Across the conversations we covered a plethora of topics, including what the best business model i
Jeff Phillips: 2 Details That Make or Break a Mining Bet
In today’s episode we’re sharing our discussion with resource investor Jeff Phillips. Jeff has near on 30 years’ experience speculating in the natural resource business, and along the way he’s crafted a simple and effective approach. It all comes down to people and share structure. In our conversation we explore why backing the right people, who often have a track record of success, and are aligne
The Dollar Cracks. Ferg’s Back. Why Hard Assets Win.
Ferg Cullen (aka Trader Ferg) joins us for a wide-angle look at the market’s many dynamics front of mind this week. We unpack BHP’s quiet shift to RMB settlement, the end of dollar dominance, and what it means for commodities. From platinum and uranium to oil and tin, we dive into the real assets leading this cycle, the mania across uranium ETFs, and why energy services might be the next big trade
Rob Mullin: Gold Stocks Still Cheap, Energy Stocks Cheaper
We continue our search for the world’s best natural-resource investors with today’s guest, Rob Mullin. Rob is the Founder and CIO of Marathon Resource Advisors, a long-short fund that has compounded at extraordinary rates by doing what few others still do: buying real cash flow, not stories. In this wide-ranging chat, Rob explains why gold stocks remain “super cheap” despite their strong run, wh
Gold Goes Vertical, We Hunt for Value (Ben Richards)
With us for this week’s Weekly Wrap is Ben Richards, co-portfolio manager at Seneca. Ben helps us navigate all the wild market action, starting with a discussion on gold and all the companies that’ve pre-reported quarterly performance, plus some takeover hopefuls. We then try to find value in the energy space, talking through oil & coal players, before jumping into all the various ways of play
Australia’s Most Successful Gold Explorer
We had the privilege of sitting down with legendary explorationist Ed Eshuys, widely credited with the Plutonic, Bronzewing and Jundee gold discoveries. Ed takes us inside the second-last hole that lit up Bronzewing, how CSIRO’s laterite science helped crack Plutonic, why he drills diamond holes early to capture the third dimension, and the capital-strategy mindset that separates luck from repeata
Gold Soars & China Corners BHP (Jeff Quartermaine)
We had the privilege of being joined by the outgoing Perseusboss Jeff Quartermaine for the latest Weekly Wrap episode. The conversation began by unpacking Jeff’s 12-year rein as CEO to his ultimate departure, having built a ~$7B business. He shares the deals that could’ve been, the lessons learnt and what history has taught him about this bull market. For our big stories, we unpack the doubl
Gold Mania, Niobium Dreams, and Antimony Nightmares (Datt)
In Today’s episode is an across-the-board conversation with Melbourne based fundie Emanuel Datt. We kick off by hearing how he’s thinking about the excess and frothy behaviour we’re seeing in markets, segueing into gold, gold miners and portfolio construction. The discussion moves to his long-term bets on high quality companies, including WA1, as well as exploring where rare earths and other niche
Inside a $3.8B Gold Deal + The US Wakes Up
On this week Weekly Wrap, we’re joined by Gold Road CEO Duncan Gibbs, as he puts the finals touches on the company’s $3.8B takeover by Gold Fields. We discuss the journey and get the inside details of the takeover, before moving into a general gold chat, putting some of the junior flyers under the microscope. The conversation moves to the huge moves we’ve seen from the US government, from “re-nego
Shrub Unplugged: Gold, Grift & Debasement
In this episode, we sit down with Le Shrub for a wide-ranging conversation on today’s markets - what he calls the Golden Age of Grift. From currency debasement to the rolling Ponzi cycle, Shrub lays out why valuation no longer drives markets, why real assets matter more than ever, and how to survive when both sides of the barbell can break. We cover: • Why currency debasement is now a permanen
Majors Panic Amid Market Madness (Koala)
This week’s wrap is action-packed, featuring the Koala(@YellowLabLife). We kick off with his takeaways from Beaver Creek and theWorld Nuclear Association conference – then jump into the froth and speculation sweeping the sector. Then we dive deeper into debate on the Anglo Teck deal,posing the question, why now? Grade Control covers:The US’ plans for a mining fund in JV with OrionQatar’s US$500m
The Fremantle Fundie that picked WA1 at 20c and Almonty at $1
We sat down with Peter Prendiville and Chris Wiener, the people behind Norfolk Capital Management. Norfolk is one of the newest resource funds on the block. While being new, Norfolk’s returns have been spectacular since the fund kicked off, buoyed by a sound investment process and enviable exploration success. Pete and Chris shared this process through the conversation and explored the big winne
Anglo Teck Mega Merger... and a Retail Revolt
This week’s wrap is packed – featuring special guest James Nicholls, a resources M&A lawyer with an abundance of deal-making experience. We kick off with the industry’s biggest shake-up in a decade: Teck and Anglo American’s plan to tie the knot – a deal we could spend hours dissecting. From there, James takes us into his sweet spot, unpacking the rise of retail shareholder activism through th
Contrarian Bets: Brian Laks on Lithium, Coal & Uranium
Coal and lithium are down 60 - 90% from their highs, uranium stocks have risen tenfold, and copper is on the cusp of breaking out. Where does a contrarian put capital next?In this episode, Brian Laks (Old West Management) shares how he’s positioning after being early and right on uranium:• Why coal and lithium are attractive again after brutal selloffs• How he identifies large, low-cost supply bef
Gold Takes Off, Rates Bite, Miners Rip
Gold is flying, rates are being lowered, and mining equities are finally waking up.A punchy tour through a risk-on week for gold and real assets, field notes from Africa Down Under, and three segments: Grade Control, Sweet/Sour Deals, and Hidden Gems.We hit Teck’s QB2 stumble, Anglo’s PGM exit, South32’s permitting spray, BHP’s 30-year paper, and a slate of under-the-radar African producers nearin
Gold Miners That Actually Compound (Greg Orrell)
We’re excited to share a candid conversation with Greg Orrell — veteran fund manager and head of the OCM Gold Fund. With more than 30 years as a fund manager, Greg has seen plenty of booms, busts, and boardroom mistakes in the gold sector. In this episode, he unpacks why miners are making huge profits today, why investors still don’t believe it, and what discipline looks like in a true bull run. F
How a Multipolar World Reshapes Mining (Michael Willoughby)
This week we’re joined by Michael Willoughby of Pacific One Capital for the wrap. With his unique experience, Willo is the perfect guest to break down the shifting trends in how miners are getting financed and the geopolitical moves reshaping the sector.We grade BHP’s attempt to offload Nickel West, WestAfrican’s Burkina challenge, the blistering multiple expansion of mining services stocks, the 2
Recommended
Doctor Zhivago Slow Read
Conspiracy Files with Paige Carter
This Past Weekend w/ Theo Von
The Theory of Psychoanalysis - Carl Jung
A Life Engineered
پادکست بهزاد بلور | Behzad Bolour's Podcast
The Rabbit Hole: Conspiracy Theories
The Swerve Podcast: Obscure Topics | Conspiracy Theories
The Bread and Banter Podcast
The Conspiracy Podcast
Cult of Conspiracy
Dispatches from Reality
