Money of Mine Mineral Media

On the show today we had Brian Laks, co-chief investment officer of Old West, an LA-based investor.
Brian has gone deep into a number of the markets that we love chatting about, and we had a great time talking about uranium, tin, copper, gold, silver, the metals & mining sector broadly and a whole host of companies and projects that fall into these categories. 
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All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Thank you to our Podcast Partners:
 
VRIFY – Communicate in 3D
grant@vrify.com
 
GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine site
Matt.hall@getwetsolutions.com.au
 
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
 
Silverstone – Energy solutions for your business
kenny@sstone.com.au
 
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
seamus@anytimees.com
 
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
 
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
 
K-Drill – Safe, reliable, and productive surface RC drilling 
ryan@k-drill.com.au
 
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Money of Mine on YouTube
 
(0:00:00)Brian Laks on Money of Mine

(0:01:03)The uranium investment to-date

(0:06:39)The gateway drug to uranium

(0:12:08)Trading SPUT

(0:16:14)Big Uranium contracts to look out for

(0:19:26)Discovering tin

(0:30:33)Is there another Myanmar in tin?

(0:34:53)Alphamin vs Metals X?

(0:38:38)Copper torque

(0:45:14)Choosing between producers, developers & explorers

(0:48:59)Investing in big porphyry copper projects

(0:54:47)Why is gold running?

(1:00:20)Is Adriatic fully valued yet

Here’s our interview with Geoff Wilson and Cooper Rogers of Wilson Asset Management, one of the biggest players in the Australian funds management world.


JD sat down with the pair to hear how the LIC manager is seeing the current macro landscape, in particular in the US and China, to learn why Geoff has decided to dust off the old Twitter account, and to hear about WAM’s view on how activism will influence the Aussie funds management sector, what various commodities will do from here and a chat about a bunch of stocks.


Sign-up for the Director’s Special


All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Podcast Partners:
 
VRIFY – grant@vrify.com
 
GetWet Solutions – Matt.hall@getwetsolutions.com.au
 
DSI Underground – https://www.dsiunderground.com/contact
 
Silverstone – kenny@sstone.com.au
 
Anytime Exploration Services – seamus@anytimees.com
 
WA Water Bores – James@wawaterbores.com.au
 
Brooks Airways – ops@brooksairways.com
 
K-Drill – ryan@k-drill.com.au
 
(0:00:00)Introduction

(0:03:40)Geoff becoming a Twitter power-user 

(0:05:19)Checking in on the USA

(0:08:03)How markets look state-side

(0:09:25)View on the Australian market

(0:10:30)WAM view on the rate environment

(0:12:28)Large cap vs small cap

(0:15:05)The state of the LIC market

(0:17:19)Shareholder engagement vs performance

(0:21:37)Meeting management

(0:23:28)Activism in the LIC market

(0:25:15)Optimal size for WAM's strategies 

(0:27:45)Trading at NTA

(0:29:08)Company buybacks

(0:30:26)WAM's investment style

(0:35:25)Should mining co's moats deserve more credit

(0:37:27)Would WAM open a Resources LIC?

(0:39:38)WAM's China view

(0:43:35)Copper on the ASX

(0:48:18)Will lithium's recovery continue?

(0:54:45)Are WAM uranium bulls?

(0:58:53)Gold's decoupling from real rates

(1:03:30)Value in mining services

First up, the big one, South32 (S32) finally shared an update on Groote Eylandt amongst their quarterly. Then, we got into the detail at Ramelius (RMS) who had a bumper quarter and onto Base Resources (BSE) who copped a huge takeover premium from American-listed Energy Fuels (UUUU.nyse).


We then ventured to Bosnia to talk about Adriatic’s (ADT’s) decision to go owner-operator, followed by 29Metals (29M) who got offtake financing and provided an insurance update, Boss Energy (BOE) who finally announced first uranium drums, Global Atomic who are yet to lock down debt financing and lastly a peak into Delta Lithium (DLI) met results.


Sign-up for the Directors Special 

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Podcast Partners:
 
VRIFY – Communicate in 3D
grant@vrify.com
 
GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine site
Matt.hall@getwetsolutions.com.au
 
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
 
Silverstone – Energy solutions for your business
kenny@sstone.com.au
 
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
seamus@anytimees.com
 
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
 
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
 
K-Drill – Safe, reliable, and productive surface RC drilling 
ryan@k-drill.com.au
 
Money of Mine on YouTube
 
(0:00:00)Introduction

(0:00:55)S32 finally update on Australian manganese

(0:10:12)Ramelius share bumper earnings

(0:21:00)Base Resources agreed 188% premium takeover

(0:25:26)Adriatic go owner-operator

(0:33:03)29Metals get more insurance cash + offtake financing

(0:38:06)Boss Energy produce U

(0:39:50)Global Atomic debt financing nerves

(0:43:32)A look into Delta Lithium's metallurgical results 

Mike Alkin is the Chief Investment Officer and Founder of Sachem Cove Partners, a specialty Uranium fund based in New York. This is an extremely high-level discussion around everything Uranium, from the mining all the way to enrichment and power generation. Mike holds a firm view that the world will be in a considerable Uranium structural supply deficit for many years to come.


Sign-up for the Director’s Special


All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Podcast Partners:
 
VRIFY – grant@vrify.com
 
GetWet Solutions – Matt.hall@getwetsolutions.com.au
 
DSI Underground – https://www.dsiunderground.com/contact
 
Silverstone – kenny@sstone.com.au
 
Anytime Exploration Services – seamus@anytimees.com
 
WA Water Bores – James@wawaterbores.com.au
 
Brooks Airways – ops@brooksairways.com
 
K-Drill – ryan@k-drill.com.au
 
Money of Mine on YouTube
 
(0:00:00)Introduction

(0:01:09)Quick lay of the Uranium land

(0:11:00)How much Nuclear power would the SPUT produce?

(0:21:19)Double whammy of supply and enrichment deficits

(0:23:43)2030 deficit prediction

(0:38:27)Are Mike's views different to other Uranium funds?

(0:48:42)What if everything goes perfectly in the next 6 years

(0:57:39)Are there enough economic Uranium deposits?

(1:03:05)Will Reactors get built if the structural supply deficit is too big?

(1:05:54)Would a high price tempt a SPUT shareholder vote to sell their Uranium?

(1:07:25)Will M&A heat up?

(1:10:38)Kazatomprom situation

(1:15:53)Can the West bring on enough conversion and enrichment to decouple from Russia?

(1:22:10)Are SMR's plausible considering the lack of enrichment capacity?

(1:25:34)East vs West demand

(1:29:36)Reflection on today vs previous bull cycles

(1:35:05)Will Oil & Gas companies get into Nuclear?

(1:37:44)What can break the Uranium thesis?

Today we did a tour around through the gold producers who reported quarterlies, including Bellevue (BGL), Genesis (GMD), Catalyst (CYL) and Tietto (TIE), then onto Spartan (SPR) who’re doing a big $80m raising.


AIC Mines’ (A1M) quarterly got a segment before we had a good chat about Gina Rinehart’s recent action in rare earth’s, and what that could mean for Lynas (LYC) and MP Materials, before rounding off on another Gina story, the Hanrine and Titan Minerals (TTM) farm-in agreement. 


Sign-up for the Director’s Special


All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Podcast Partners:
 
VRIFY – Communicate in 3D
grant@vrify.com
 
GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine site
Matt.hall@getwetsolutions.com.au
 
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
 
Silverstone – Energy solutions for your business
kenny@sstone.com.au
 
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
seamus@anytimees.com
 
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
 
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
 
K-Drill – Safe, reliable, and productive surface RC drilling 
ryan@k-drill.com.au
 
Money of Mine on YouTube
 
(0:00:00)Introduction

(0:01:22)Interpreting Bellevue's quarterly

(0:09:54)How did Genesis perform

(0:12:35)A recap on Catalyst 

(0:17:14)Tietto's board reject takeover

(0:21:59)Spartan rattle the tin for 80 bucks

(0:42:37)AIC Mines - copper torque

(0:44:15)Will Gina bring LYC & MP Materials together?

(0:52:15)Gina signs farm-in in Ecuador

We started today with a deep dive into Spartan (SPR) on the back of recent results, followed by a breakdown of Macmahon (MAH) acquiring Decmil (DCG). 


Next, we discussed the latest in Gold Road’s potential Greenstone interest, then Pantoro’s quarterly result, Hawsons Iron financing ambitions, a call out to AlphaHPN holders and a chat about what we’re looking for this quarterly season. 


Sign-up for the Director’s Special


All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
 
Thank you to our Podcast Partners:
 
VRIFY – Communicate in 3D
grant@vrify.com
 
GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine site
Matt.hall@getwetsolutions.com.au
 
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
 
Silverstone – Energy solutions for your business
kenny@sstone.com.au
 
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
seamus@anytimees.com
 
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
 
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
 
K-Drill – Safe, reliable, and productive surface RC drilling 
ryan@k-drill.com.au
 
Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.
 
Money of Mine on YouTube

(0:00:00)Introduction

(0:01:23)ASX 200 gets belted

(0:02:58)Are Spartan constrained by their mill?

(0:20:16)Macmahon buy Decmil

(0:34:34)Westgold expand Bluebird resource

(0:37:27)Gold Road in Dataroom again

(0:42:03)Pantoro early quarterly

(0:47:15)Hawson's Iron Ore

(0:50:34)AlphaHPN

(0:51:37)Quarterly anticipations from us