Money of Mine

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 influe...

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 Spe...

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 e...

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,...

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...

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 s...

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 w...

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...

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...

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...

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 tr...

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...

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...

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 contro...

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 way,...

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 in...

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...

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...

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, why...

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...

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...

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 double...

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 nic...

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-neg...

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 permane...