Money of Mine

• Massive Disruption Coming to the Mining & Investment World (Rusty and Brice)

  Today’s episode is a unique conversation with special guests Russell “Rusty” Delroy of Nero Resource Fund & Brice Gower of Augment Technologies.We explore completely new terrain, exploring how the technological megatrends on foot today (think AI and robotics) could totally upend the mining industry as we know it. And we explore the investment themes that come from that big-picture view. This episode goes deep and we explore some lateral concepts – but trust us, it’s worth it.AI is the defining technology of our era, and its implications are not limited to the digital world.Our discussion traverses how nimble governments need to be in this age, how disruption will vary across mineral assets, what consumerism looks like in a cheap metal world and who’ll be first to take advantage of this paradigm shift.Intro Music: Here Come the Robots by Stoned Jesus Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - [email protected] Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors [email protected] - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling [email protected] - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company [email protected] - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  [email protected] - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy [email protected] - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry [email protected] - +61 466 184 943 (0:00:00)Introduction(0:03:16)AI - The big thematic(0:11:55)What industries are vulnerable(0:22:45)What does a future mine look like?(0:41:40)What changes on the mining investment front?(0:47:40)When did the penny drop for Rusty?(0:55:55)Model innovations(0:58:50)The data(1:06:19)Final thoughts

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  1:25:14
• Decoding Kazatomprom’s results & the uranium reaction

  Plenty to riff on today, starting with the Kazatomprom’s full year numbers then moving to Capricorn’s decision to close out its hedgebook.That led us to a broader chat on gold industry hedges as well as a focus on Bellevue and their ramp up pressure.We rounded off with a chat MinRes’ woes, Catalyst selling Henty & potential M&A.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025 Tickets to Resource Rising Stars Gather Round Adelaide Convention Centre, 9-11 April, 2025 Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - [email protected] Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors [email protected] - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC [email protected] - +61 416 015 876WA Water Bores – WA’s premier water well drilling [email protected] - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs. [email protected] - +61 8 6253 2310Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and [email protected] - +61 8 9373 1140Cross Boundary Energy – Independent Power Producer for the global mining [email protected] - +61 466 184 943(0:00:00)Introduction(0:02:06)What KAPs numbers mean for U(0:13:57)Why did Capricorn close their hedges(0:28:04)Goldies: Hedged vs Unhedged(0:38:23)Bellevue: Ramp up on a tight rope(0:43:00)MinRes close the road(0:46:18)Catalyst offload Henty(0:48:00)Mining M&A speculation

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  52:44
• Discussing deep value commodities with Trader Ferg

  Today’s show is a discussion with the king of deep value, Trader Ferg.We look at where the various markets he tracks are at in their cycles, which metals are screaming out to him and how he plays them, and how misunderstood China is, amongst many topics. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025 Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - [email protected] Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors [email protected] - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling [email protected] - +61 416 015 876WA Water Bores – WA’s premier water well drilling [email protected] - +61 429 695 538Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs. [email protected] - +61 8 6253 2310Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and [email protected] - +61 8 9373 1140Cross Boundary Energy – Independent Power Producer for the global mining industry [email protected] - +61 466 184 943  Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:53)Moats and Cannibals(0:08:14)Highly inflationary decade(0:12:25)US growing their way out of debt(0:15:20)PGMs, Rhodium and catalytic converters(0:28:15)BYD growth(0:34:48)Tin barons(0:37:15)New cobalt trust(0:39:18)The uranium cycle(0:52:45)Chinese tech and property(1:00:27)Is GOLD going to be re-valued?

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  1:10:49
• Will Ramelius have competition for Spartan?

  It’s finally happened – Ramelius and Spartan are tying the knot!We dive deep into this long-awaited deal, giving our take on the structure, valuation, synergies and more.To round off, we look at how this price tag reflects the other potential acquisition targets in the WA gold space.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - [email protected] Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors [email protected] - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling [email protected] - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company [email protected] - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  [email protected] - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy [email protected] - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry [email protected] - +61 466 184 943   Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:00:00)Spartan & Ramelius finally tie the knot(0:11:05)Why the funky structure?(0:19:45)How many ounces will Dalgaranga add(0:37:48)What's the read through on other goldies(0:50:55)JD's view on gold 

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  1:02:25
• Why the uranium shorts are wrong (Guy Keller interview)

  It had been too long since we last spoke with Aussie funds management’s leading uranium bull, Guy Keller.He joined us on the show again to pick apart the enormous short-interest in uranium stocks, why EnCore was down 50% on last weeks news, how he’s thinking about portfolio management, the spot vs term debate, where incentive pricing now sits, what’s next for NexGen and plenty more.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - [email protected] Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors [email protected] - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling [email protected] - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company [email protected] - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  [email protected] - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy [email protected] - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry [email protected] - +61 466 184 943  Money of Mine on YouTube, Twitter(0:00:00)Introduction(0:02:30)The SHORTS(0:06:22)Deepseek reaction(0:08:05)The balance of shorts with hedging strategies(0:11:21)Spot price to Term price(0:13:00)SPUT trading tactics(0:17:45)BHP's role in spot market(0:19:12)Contracting structures currently(0:22:05)Restart performance and incentive pricing(0:27:45)enCore plummet and how is Boss sitting?(0:38:14)Reflection on PDN and Fission(0:41:53)Namibian restarts(0:44:50)Aura Energy(0:46:30)Buying developers/producers vs physical(0:49:05)Uranium tech investment(0:51:34)Knowing who's contracted and who's not(0:56:13)What to see out of Nexgen this year

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  1:02:28

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