
Money of Mine
Understanding how small‑cap miners can create outsized cash flow in a high‑price gold and iron‑ore market helps investors identify resilient, undervalued opportunities. The episode highlights the power of community‑sourced ideas and showcases real‑world examples of how junior miners can leverage royalties and efficient operations to deliver strong returns, making it especially relevant for listeners seeking alternative exposure to the mining sector.
The episode opens with the hosts reviving their listener‑driven stock‑pitch format, a move that has reignited audience participation and surfaced hidden gems in the junior mining arena. One standout is Auric Mining (AWJ), which has turned a modest starter pit at the Munda deposit into roughly $35 million of cash, despite extracting only about 3‑4% of its resource. With a market capitalization near $55 million and $34 million on hand, Auric’s enterprise value remains exceptionally low, positioning it as a cash‑rich, low‑cost play in a gold‑price‑driven market.
The conversation then shifts to Red Hill Minerals, where the hosts highlight an 11% free‑cash‑flow yield on a $250 million enterprise value, driven largely by the Onslow royalty stream. The royalty contributes $27.5 million after operating costs, underpinning a 9% dividend yield that is expected to climb as Onslow expands production to 50 million tonnes. Management’s substantial ownership—58% combined between chairman Joshua Pitt and director Polly—creates strong alignment with shareholders, while a disciplined capital allocation strategy funds further exploration and royalty acquisitions without diluting existing investors.
Finally, the hosts contextualize these opportunities within the broader mining sector. Elevated gold prices are fueling cash generation for small producers, and the toll‑treating model exemplified by Auric’s partnership with Black Cat Mill reduces capital intensity. Risks remain, such as refurbishment delays at Burbanks and potential tenement disputes, but the combination of robust cash balances, attractive yields, and insider ownership makes both Auric and Red Hill compelling candidates for investors seeking upside in undervalued junior miners.
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 was recorded on 5.3.2026.
…………...…
DIRECTOR'S SPECIAL EMAIL
Join 16k+ subscribers to the Director’s Special: one daily email with all the news that matters in mining
……………
TIMESTAMPS
(0:00:00) Introduction(0:02:10) Auric Mining (AWJ) - WA gold developer(0:12:30) Red Hill Minerals (RHI) - Onslow iron ore royalty(0:23:30) Dalrymple Bay Infrastructure (DBI) - Met coal export terminal(0:26:50) Aurum Resources (AUE) - Côte d'Ivoire gold developer(0:35:00) Somerset Minerals (SSM) - Canadian copper explorer(0:41:30) CZR Resources (CZR) - WA gold explorer(0:45:10) Solstice (SLS) - WA copper-gold explorer(0:46:30) Awale Resources (ARIC.V) - Côte d'Ivoire gold explorer(0:49:40) Largo Inc (LGO) - Vanadium producer turnaround(0:59:40) San Lorenzo Gold (SLG) - Chilean gold explorer(1:08:50) Kuniko (KNI) - Lachlan Fold Belt VMS explorer(1:17:50) Lunnon Metals (LM8) - WA gold/nickel developer(1:22:50) Po Valley Energy (PVE) - Italian gas producer(1:26:30) Altair Resources (ALR) - Guyana gold explorer
……………
PARTNERS
Exceed Capital – Diversify your portfolio with Exceed’s property funds
SS&C Intralinks - Powering deals with unmatched security and efficiency
Sandvik Ground Support – The only ground support you’ll ever need
Focus by Marketech – All your mining news and market needs in one powerful platform | 10-day free trial
……………
FOLLOW & CONNECT
• YouTube: @MoneyofMine
• Twitter / X: @moneyofminepod
• LinkedIn | Instagram | Facebook
• Travis Ricciardo: @TRAVmoneyofmine
• Jonas Dorling: @JDmoneyofmine
• Email us Word on the Decline: gc@moneyofmine.com
……………
JOIN THE GROUP CHAT
Join the Money of Mine Discord Server
……………
DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only. Please ensure you read our full disclaimer.
Comments
Want to join the conversation?
Loading comments...