We Visited 7 Mines in Africa. Here's What We Found
The hosts recount a whirlwind tour of seven African mines—including Ivanhoe’s platinum‑group metal (PGM) project in South Africa, the massive Grutte Gluck coal mine, Zambia’s First Quantum copper operations, and a new gold mine on the Witwatersrand—while debating the investment case for South Africa and Zambia. They argue that Africa is undervalued, citing lower energy costs, dramatically higher labor productivity (e.g., five man‑hours per ton of steel in Zambia versus 25 in Australia), and abundant, high‑grade mineral deposits. The conversation highlights the stability of South Africa’s mining code and black‑ownership rules, the political support for mining expansion in Zambia, and the logistical challenges of moving ore to ports. Overall, they emerge bullish on African mining, especially PGMs and copper, and see untapped opportunities in legacy tailings and bulk‑scale projects.
The Hedge Fund That Stays Ahead of the Street (Matt Zabloski)
In this episode, host Travis Ricciardo interviews Matt Zablowski, founder of the Vancouver‑based natural resources hedge fund Delbrook, about the structural shift in global commodities and the under‑investment in resource exploration. Zablowski explains Delbrook’s high‑conviction, concentrated strategy—half of assets in...
If This Were Doomsday, Markets Would Show It (Alyosha)
In this episode, host JD interviews veteran pit trader and Substack writer JJ (Alyosha) about the escalating geopolitical tension in the Middle East, particularly the potential for a catastrophic conflict involving Iran and Israel and its impact on global oil...
Last Energy Crisis, This Sector Went Up 20x (Ferg Cullen)
In this episode, trader Ferg Cullen breaks down the current energy crunch, highlighting how the EU’s abrupt move away from Russian gas and nuclear power has left it vulnerable, while Asia’s coal demand surges. Cullen explains his bullish call on...
Lessons From Building 6 Gold Mines (Matt Wilcox)
In this episode, Matt Wilcox, a veteran of building six gold mines across West Africa, shares his playbook for rapid, on‑budget mine development, emphasizing meticulous logistics, a trusted contractor network, and the region’s abundant, under‑drilled deposits. He walks through the...
How Capital Cycles Create 100 Baggers (Django Davidson)
In this episode, Django Davidson explains the capital cycle framework—a supply‑focused, mean‑reverting approach to investing that emphasizes measurable supply constraints over demand storytelling. He traces its origins to Jeremy Hosking’s experience with the PC boom, outlines how capital misallocation drives...
Forget FalconBridge. NexGen Is Gilman's Big Score
In this episode, host Trav sits down with Warren Gilman, head of Queens Road Capital and board member of NextGen, to recount his 25‑year career in mining investment banking. Gilman details landmark deals—including the $1.4 billion Falconbridge IPO, a record‑size secondary...
He Poured Drinks for Mining Legends. Now He Beats Them (Rick Rule)
In this hour‑long conversation, veteran resource investor Rick Rule reflects on five decades of cycles in mining, banking, and brokerage, sharing why he sat out the 2008‑2011 precious‑metal bull market and how his opportunistic moves in banks and Berkshire Hathaway...
Mark Connelly on Why Every Miner Is for Sale
In this episode Mark Connelly discusses his reputation as a "for‑sale" board member, explaining that every mining company ultimately seeks a willing buyer and that his role is to maximize shareholder value through strategic exits or growth. He outlines how...
Why Aluminium Just Hit a Four Year High
In this episode, Alan "Aluminium" Clark of CM Group breaks down why aluminium prices have surged to a four‑year high, linking the rally to supply shocks at key refineries, tightening alumina margins, and China’s heavy reliance on Guinean bauxite. He...
Listeners Are Back Pitching Their Top Mining Stocks
In this episode the hosts reopen their listener‑driven stock‑pitch format, giving retail investors a platform to recommend junior mining companies. Two pitches dominate the discussion: Auric Mining (AWJ), a cash‑generating gold producer in Western Australia with a low market cap...
The Uranium Deal 10 Years in the Making (Brandon Munro)
In this episode, host Jonas interviews uranium expert Brandon Munro about Bannerman Resources' landmark deal with China National Nuclear Corporation (CNNC), which sees CNNC acquire a 43% stake in the Etango uranium project in Namibia. Munro explains the decade‑long journey,...
The Ultra Bull Case for Lithium (YJ Lee)
In this episode, YJ Lee, founder of the Arcane Green Metal Fund, explains why the July 2024 lithium price dip was a prime buying window and projects a conservative 4.6 Mt lithium demand by 2030, driven by a 33% annual growth...
