Money of Mine

Rupert Mitchell spent 25 years on the sell side, running equity capital markets desks for Citi and Goldman in Hong Kong and taking hundreds of companies public, including none other than Glencore.

Now was the perfect time to have him on the show as he's just finished the resources sleeve of a portfolio built to be held until 2046.

We don't believe mining stocks are meant to be owned for 20 years - which is precisely what makes the exercise interesting.Rupert covers:

• The systematic screen that spat out Vale, Anglo and didn't deliver a single copper stock

• Why Agnico scored worse than Newmont (stale price decks!)

• Glencore as his captain's call

• Why he stepped away from uranium this year

• How he works energy companies into the mix

US$135 off Blind Squirrel Macro Subscription: https://www.blindsquirrelmacro.com/moneyofmine

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TIMESTAMPS  
(0:00) Can You Hold Miners?
(4:10) China Capitalism Reality
(10:20) Scoring Resources Stocks
(15:20) Glencore Deep Dive
(32:00) China Tech and Energy Bets
(47:00) Wrap Up, Picks, and Disclaimers
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Join 19k+ subscribers to the ⁠⁠⁠⁠⁠Director’s Special⁠⁠⁠⁠⁠:one daily email with all the news that matters in mining  
…………… 
 
PARTNERS 
Thank you to the mining services businesses that make this content possible:  
• ⁠⁠⁠⁠Sandvik Ground Support⁠⁠⁠⁠⁠ – The only ground supportyou’ll ever need
• ⁠⁠⁠⁠Titan Recruitment⁠⁠⁠⁠ – Specialists in engineering and technology recruitment
• ⁠⁠⁠⁠Focus by Marketech⁠⁠⁠⁠ – All your mining news and market needs in one powerful platform | ⁠⁠⁠⁠10-day free trial⁠⁠⁠⁠
• ⁠⁠⁠⁠SS&C Intralinks⁠⁠⁠⁠ – Powering deals with unmatched security and efficiency
• ⁠⁠⁠⁠Exceed Capital⁠⁠⁠⁠ – Diversify your portfolio with Exceed’s property trusts
…………… 
 
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 
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DISCLAIMER 
All information in this podcast is for education andentertainment purposes only and is of general nature only. Please ensure you read our ⁠⁠⁠⁠⁠full disclaimer⁠⁠⁠⁠⁠.

We sat down with Brock Salier to dig into his experience getting projects funded, reflecting on who made it and who didn't. 
We walked through colourful examples of why some countries worked for projects while others didn't, which commodities seemed destined for greatness yet failed, and what the details were that actually mattered for project success. 
From Burkina to Cambodia, Guyana to Congo, and graphite to lithium to nickel and more, we cover it all. Plus, what commodities & countries to look out for next. 
Tune in to avoid the mistakes of the past. 
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TIMESTAMPS  
(0:00) Spicy Jurisdictions Mindset
(8:30) Acid Economics, SOP, and Reagents
(15:50) Iron Ore Boom and Logistics Nightmares
(23:50) Elite Mine Builders
(30:10) Debt Versus Equity Basics
(37:60) Lithium Brines to Hard Rock
(45:10) Nickel Sulfides Versus Laterites
(50:20) Uranium Cycles and Big Finds
(56:00) PGMs, South Africa, and Wrap
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Join 19k+ subscribers to the ⁠⁠⁠⁠Director’s Special⁠⁠⁠⁠:one daily email with all the news that matters in mining  
…………… 
 
PARTNERS 
Thank you to the mining services businesses that make this content possible:  
• ⁠⁠⁠Sandvik Ground Support⁠⁠⁠⁠ – The only ground supportyou’ll ever need
• ⁠⁠⁠Titan Recruitment⁠⁠⁠ – Specialists in engineering and technology recruitment
• ⁠⁠⁠Focus by Marketech⁠⁠⁠ – All your mining news and market needs in one powerful platform | ⁠⁠⁠10-day free trial⁠⁠⁠
• ⁠⁠⁠SS&C Intralinks⁠⁠⁠ – Powering deals with unmatched security and efficiency
• ⁠⁠⁠Exceed Capital⁠⁠⁠ – Diversify your portfolio with Exceed’s property trusts
…………… 
 
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 
…………… 
 
DISCLAIMER 
All information in this podcast is for education andentertainment purposes only and is of general nature only. Please ensure you read our ⁠⁠⁠⁠full disclaimer⁠⁠⁠⁠.

We've all made stupid mistakes punting on mining stocks. We don't want to make any more.

So we're airing the decisions that cost us dearly, and what they taught us.

9 rules, learnt the hard way. Here are the howlers behind them:

• Jupiter and the manganese squeeze of 2024
• Fund managers refusing to utter the words "Gascoyne Resources"
• Strandline's MD jumping ship during ramp up
• Torque, lithium mania, and why a market order can wait
• Genesis, Sandfire and Cameco outrunning the juniors
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TIMESTAMPS  
(0:00) Intro
(1:00) Rule #1
(3:20) Rule #2
(6:20) Rule #3
(8:20) Rule #4
(11:40) Rule #5
(15:20) Rule #6
(18:20) Rule #7
(21:10) Rule #8
(25:30) Rule #9
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Join 19k+ subscribers to the ⁠⁠⁠Director’s Special⁠⁠⁠:one daily email with all the news that matters in mining  
…………… 
 
PARTNERS 
Thank you to the mining services businesses that make this content possible:  
• ⁠⁠Sandvik Ground Support⁠⁠⁠ – The only ground supportyou’ll ever need
• ⁠⁠Titan Recruitment⁠⁠ – Specialists in engineering and technology recruitment
• ⁠⁠Focus by Marketech⁠⁠ – All your mining news and market needs in one powerful platform | ⁠⁠10-day free trial⁠⁠
• ⁠⁠SS&C Intralinks⁠⁠ – Powering deals with unmatched security and efficiency
• ⁠⁠Exceed Capital⁠⁠ – Diversify your portfolio with Exceed’s property trusts
…………… 
 
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 
…………… 
 
DISCLAIMER 
All information in this podcast is for education andentertainment purposes only and is of general nature only. Please ensure you read our ⁠⁠⁠full disclaimer⁠⁠⁠.

It's prediction time. 
We get the whiteboard out and chalk up our starting 11 of the most likely deals the gold market serves up before the year is out. 
The parameters are wide, the timeline is short. 
Let us know what surprised you, what we missed and what you think. 
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TIMESTAMPS  
(0:00) Intro
(2:00) Deal #1
(7:40) Deal #2
(11:50) Deal #3
(15:50) Deal #4
(23:10) Deal #5
(27:20) Deal #6
(31:50) Deal #7
(37:30) Deal #8
(40:50) Deal #9
(47:20) Deal #10
(48:00) Deal #11
(52:10) Outro

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Join 19k+ subscribers to the ⁠⁠Director’s Special⁠⁠:one daily email with all the news that matters in mining  
…………… 
 
PARTNERS 
Thank you to the mining services businesses that make thiscontent possible:  
• ⁠Sandvik Ground Support⁠⁠ – The only ground supportyou’ll ever need
• ⁠Titan Recruitment⁠ – Specialists in engineering and technology recruitment
• ⁠Focus by Marketech⁠ – All your mining news and market needs in one powerful platform | ⁠10-day free trial⁠
• ⁠SS&C Intralinks⁠ – Powering deals with unmatched security and efficiency
• ⁠Exceed Capital⁠ – Diversify your portfolio with Exceed’s property trusts
…………… 
 
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 
…………… 
 
 
DISCLAIMER 
All information in this podcast is for education andentertainment purposes only and is of general nature only. Please ensure you read our ⁠⁠full disclaimer⁠⁠.

Everything in commodities over the past few years has been driven by geopolitics. So today we're going deep on it with one of the best in the business: Jacob Shapiro.The Inflation Reduction Act, the US-China trade war, Washington taking a stake in MP Materials, Argentina reopening, Indonesia's nickel dominance. None of it makes sense without the politics behind it.Jacob co-founded Geopolitical Futures with George Friedman, ran the Operations Centre at Stratfor, and now heads geopolitical analysis at Cognitive Investments in New Orleans. He's also one half of the fantastic Geopolitical Cousins podcast alongside Marko Papic.In this conversation: • Why the gold run isn't finished • Energy: the great deflationary force still to come? • Signal versus noise on Iran, Russia-Ukraine, and what to watch next • Why China doesn't actually want the renminbi as the global reserve currency • What Australia should do about all of it+ How to shape your views in this multi-polar world
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TIMESTAMPS  
[0:00] Introducing Jacob Shapiro[1:50] US Deficits and Gold Surge[10:20] Geopolitics Framework and Multipolar Shift[18:00] Signal vs Noise and Reserve Currency Debate[26:10] Taiwan Slow Absorption[39:30] US Constraints and Unipolar Hangover[48:20] Contrarian Takes and Wrap

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Join 19k+ subscribers to the ⁠Director’s Special⁠:one daily email with all the news that matters in mining  
…………… 
 
PARTNERS 
Thank you to the mining services businesses that make thiscontent possible:  
• Sandvik Ground Support⁠ – The only ground supportyou’ll ever need
• Titan Recruitment – Specialists in engineering and technology recruitment
• Focus by Marketech – All your mining news and market needs in one powerful platform | 10-day free trial
• SS&C Intralinks – Powering deals with unmatched security and efficiency
• Exceed Capital – Diversify your portfolio with Exceed’s property trusts
…………… 
 
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 
…………… 
 
 
DISCLAIMER 
All information in this podcast is for education andentertainment purposes only and is of general nature only. Please ensure you read our ⁠full disclaimer⁠.