Where mining meets financial markets. We break down the news that matters to investors and industry, without the fluff. Hosted by Jonas Dorling and Travis Ricciardo.
Where mining meets financial markets. We break down the news that matters to investors and industry, without the fluff. Hosted by Jonas Dorling and Travis Ricciardo.
With so much unfolding in China across the battery metalsspace, we sat down with YJ Lee at the perfect time.
YJ runs a fund focused on the energy transition and bringsdeep expertise in both metals and battery markets. In this conversation, we dig into China’s policy pivot toward anti-involution and its knock-on effects for lithium and EVs. From there we dive deep into lithium itself – covering the demand and supply outlook, the surge in BESS, why inventories are often misunderstood, and plenty more.
Follow YJ on Twitter: @usuallyYJLee
Recorded 19 August 2025.
TIMESTAMPS
(00:00) Introduction
(02:06) China's Anti-Evolution Policy Impact on Lithium Markets
(04:40) China's Competitive Market Dynamics
(14:20) Licensing in China's Lithium Industry
(20:00) The Growing Demand for EVs
(24:14) Astounding Growth in BESS
(25:17) China's Commercial Battery Economics
(27:37) Solar and Battery Integration
(28:33) LFP Dominance
(29:25) CATL and Sodium-Ion Batteries
(31:36) Lithium Market Dynamics
(40:06) Global EV Adoption Trends
(42:51) Overrated or Underrated: Quick Fire Segment
(45:40) Closing Remarks and Reflections
……………
Join 14k+ 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:
· Axis Mineral Services – Crushing services for all requirements in mining, milling & civil applications | jason.orourke@axisminerals.com.au
· Sandvik Ground Support – The only ground support you’ll ever need
· Africa Down Under – Get your tickets for Australia’s premier African-focused conference, running from Sept 3 – 5
· 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
……………
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• Step 2: Request access to the HOOTEROO chat
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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.
We’ve got a new style of show that we’re pumped to share.
The weekly wrap covering all the big stories in detail plus plenty highlights. We’ve got analysis, ratings and hot takes. And we're joined by Sam Berridge, Portfolio Manager of the Perennial Natural Resources Trust.
Today’s show gets into the lithium melt-up, South32’s Mozalheadache, the cracking Hudbay-Mitsubishi deal as well as touching on Greatland, Stausholm’s farewell tour, the SYA-PLL deal struggle, Australia's Nyrstar rescue, Barrick’s Reko Diq financing & Energy Transition Minerals
Stocks: LTR, MIN, IGO, PLS, S32, HBM.TSE, GGP, RIO, SYA,PLL, B.NYSE, ETM, LZM.NYSE, SMI, BNZ, WTM, CTM, WA1, FAL, AAL.LSE, BTU.NYSE……………
TIMESTAMPS
(00:00) Introduction and New Show Format
(01:28) We’ll be at Africa Down Under
(03:01) Lithium Market Mayhem
(09:05) Government investing in Liontown
(14:52) South 32 and Mozal’s Power Woes
(23:52) Mitsubishi’s Hudbay deal
(32:30) Grade Control: Greatland Guidance
(34:18) Jakob Stausholm’s Farewell Tour
(36:30) Energy Policy
(38:17) Piedmont Shareholder Vote Turnout
(40:22) Australia's Nyrstar Bailout
(43:59) Barrick's Pursuit of Reko Diq Debt
(47:43) 60 Minutes Pumping Microcaps…
(48:58) Sweet Deal or Sour Deal: Capital Raises, Lifezone and Peabody-Anglo
(58:32) Big Brain, Small Brain: Smart and Dumb Moves
……………
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……………
PARTNERS
Thank you to the mining services businesses that make this content possible:
· Axis Mineral Services – Crushing services for all requirements in mining, milling & civil applications | jason.orourke@axisminerals.com.au
· Sandvik Ground Support – The only ground support you’ll ever need
· Africa Down Under – Get your tickets for Australia’s premier African-focused conference, running from Sept 3 – 5
· 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
• Step 1: Join the MoneyMiners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We’re thrilled to bring you a candid conversation with ZimiMeka — co-founder and CEO of Ausenco, one of the world’s top mining engineering firms.
From the soaring highs to unbearable lows, Zimi sharesstories of building mines in explosive-laden corners of Laos, hacking through Tanzanian & Zambian jungles, and navigating the temptations of debt and public markets.
Packed with timeless business lessons, investor insights,and a few cracking tales, we thoroughly enjoyed this is a masterclass.
This interview was recorded on 8 August 2025.
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TIMESTAMPS
(00:00) Introduction to the Guest and His Achievements
(02:04) The Commodity Supercycle and Ausenco’s Growth
(08:03) Founding Ausenco and Early Challenges
(12:25) Key Projects and Breakthroughs
(16:38) Navigating Difficult Projects and Locations
(21:13) Ausenco's History and Learnings
(31:56) The Impact of Market Downturns
(32:31) Strategic Shifts in Business Operations
(33:17) Challenges in Project Feasibility and Execution
(34:56) Cost-Effective Project Delivery
(38:17) Balance Sheet Reflections
(39:32) Navigating Financial Challenges and Private Equity Deals
(46:45) Technological Innovations in Mining
(47:52) The Essence of Engineering
(51:30) Overrated or Underrated
……………
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……………
PARTNERS
Thank you to the mining services businesses that make thiscontent possible:
· Axis Mineral Services – Crushingservices for all requirements in mining, milling & civil applications | jason.orourke@axisminerals.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need
· Cross Boundary Energy– Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
· 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
• Step 1: Join the MoneyMiners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Today’s episode is an exploration into the story behind one of Australia’s greatest business success stories, Fortescue.
The company has paid over $42B in dividends in its brief history, which began at Andrew Forrest’s kitchen table just 22 years ago. Within a few years it was one of the largest companies in the nation as it smashed through records while creating its foundation at Cloud Break.
We focus in on the first 5 years, looking to relive the highs and lows, while attempting to understand the attributes that separated FMG from the pack.
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TIMESTAMPS
(00:00) The Rise of Fortescue: A Story of Wealth Creation
(00:36) The Early Years: Controversies and Challenges
(02:23) Twiggy's Pre-Fortescue Ventures
(09:13) The Birth of Fortescue Metals Group
(16:40) Building the Dream Team
(18:16) Aggressive Expansion and Exploration
(30:17) Infrastructure Ambitions and Market Dynamics
(36:50) Cracking the Geological Code
(38:22) Discovering Cloudbreak: A Game-Changer
(40:21) The Metallurgical Breakthrough
(42:14) Strategic Moves and Market Reactions
(53:07) The China Financing Debacle
(01:00:22) Land Access Negotiations and Controversies
(01:03:05) Innovative Mining Techniques
(01:06:11) Rail and Infrastructure Developments
(01:07:34) Financial Challenges and Strategic Partnerships
(01:08:57) Legal Battles and Regulatory Scrutiny
(01:12:06) Securing EPCM Contracts and Major Deals
(01:16:36) Equity Investment and Loan Details
(01:16:49) Fortescue's Financial Maneuvering
(01:19:17) The Clock is Ticking: Securing Funds
(01:22:20) Bond Rating Drama
(01:27:01) Construction Challenges and Triumphs
(01:33:12) Cyclone George and Its Aftermath
(01:36:01) Fortescue's Meteoric Rise
(01:39:52) Reflections on Fortescue's Journey
(01:40:19) The Entrepreneurial Spirit
(01:41:09) Lessons from the Past
(01:42:22) Innovative Approaches and Cultural Impact
(01:46:01) The Role of China and Market Dynamics
(01:49:59) Twiggy's Unique Leadership
(01:53:04) Final Thoughts and Legacy
……………
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……………
PARTNERS
Thank you to the mining services businesses that make this content possible:
· Axis Mineral Services – Crushing services for all requirements in mining, milling & civil applications | jason.orourke@axisminerals.com.au
· Sandvik Ground Support – The only ground support you’ll ever need
· Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We kick things off with Australia’s bold indication to set arare earth floor price – a page right out of the US playbook – and then dive into the big question: Will the government step in to rescue all our struggling smelters and refiners?
Then, we pick a part the most interesting content fromDiggers & Dealers, including funny takes, companies to watch plus the big themes.
Companies mentioned: PNR, VAU, RMS, EMR, PMT, WTM, SMI, BTR, MM8, RXL, TCG, JMS, OBM, CMM, GMD, GNG
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TIMESTAMPS
(00:00) Introduction
(00:37) Aussie rare earth price floor to come?
(11:24) Diggers highlights
(13:24) Pantoro
(15:55) Vault
(17:27) Ramelius
(22:02) Emerald
(24:40) Patriot
(25:05) Waratah
(26:01) Santana
(27:31) Brightstar
(27:58) Medallion
(29:53) Rox
(31:43) Turaco
(32:37) Jupiter
(35:54) Big theme: bigger mills
……………
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……………
PARTNERS
Thank you to the mining services businesses that make this content possible:
· Sandvik Ground Support – The only ground support you’ll ever need
· CrossBoundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
With the quarterly season wrapping up, we pick apart the most interesting updates in the market.
First up: Boss Energy. A leadership shake-up and a cloudedoutlook for Honeymoon saw the share price halve.
Then to Liontown, who’re still grinding to get KathleenValley up and humming.
Next, we unpack Greatland, who were hit by a 24% drop on the back of grade issues and an elevated cost guidance.
And finally, we delve into the retail shareholder activismat Warriedar, as Capricorn circles with a takeover bid.
……………
TIMESTAMPS
(00:00) Introduction
(1:28) Boss Energy’s Brutal Week
(14:16) Liontown Grinds
(25:43) Greatland’s Miss
(32:21) Why Warriedar Shareholders Don’t Like the CapricornDeal
……………
Join 14k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground support you’ll ever need
· CrossBoundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Today’s episode is a conversation on what remains Australia’s most intriguing company, Mineral Resources (aka MinRes).We invite on Moz, who unpacks with us his thesis for investing in the diversified miner after publishing his thesis on Twitter.The detailed discussion goes into the weeds on Mt Marion & Wodgina, the haul road, transhipping and governance to name a few subjects.Moz's Twitter account is @onslowshippingThis interview was recorded on 28.7.2025.
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TIMESTAMPS
(00:00) Introduction, Viral Meme
(02:33) Obsession with Mineral Resources
(05:33) Challenges and Market Perception
(15:48) Transparency and Reporting Issues
(28:10) CEO Chris Ellison's Leadership
(36:48) Chris's Hubris and Capital Allocation
(37:29) Lithium Investments and Market Assumptions
(39:13) Mining Services Business
(39:48) Joint Ventures and Operational Viability
(44:44) Onslow Project and Iron Ore Production
(56:49) Challenges and Risks of the Haul Road
(01:08:46) Expansion Potential and Financial Considerations
(01:16:58) Mining Services Contracts and Lithium Sale
(01:17:35) The Carry Loan
(01:19:47) Liquidity Concerns and Debt Management
(01:24:13) Iron Ore Market and Cost Analysis
(01:27:21) Operational Risks and Project Viability
(01:33:15) Leadership and Future Outlook
(01:34:46) Investment Thesis and Market Sentiment
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need
· CrossBoundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We’re delighted to share this passionate and energeticconversation with Steve Beresford and Ahmad Saleem.
With Steve and Ahmad, we dive into the problems they set out to tackle when they launched their timeless podcast, Exploration Radio nearly a decade ago. From there, we explore what they’ve learned about what it really takes to make a mineral discovery, whether this is another area where China is pulling ahead, and what the industry needs more of moving forward.
Additionally, we hear about the characters, books and experiences that have shaped them along the way.
Enjoy!
This interview was recorded on 24.7.2025.
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TIMESTAMPS
(00:00) Introduction
(01:02) Ahmad Saleem and Steve Beresford
(01:30) Podcasting Evolution
(03:03) The Art of Authentic Conversations
(04:19) Reflecting on Exploration Radio
(06:50) The Importance of Informal Conversations
(18:32) The Role of Power in Mining and Podcasting
(19:40) Characteristics of Successful Explorers
(32:02) Communication Breakdown
(32:16) Barriers to Success
(33:49) Exploration as a Biological Trait
(34:21) Information Overload and Distraction
(35:27) The Honeybee Analogy
(36:00) Abstract Thinking in Exploration
(36:29) Decline in Exploration
(38:53) Long-Term vs. Short-Term Thinking
(42:05) Challenges in Mineral Exploration
(51:36) The Role of Environment and Motivation
(54:43) East vs. West in Exploration
(01:04:54) Saudi Arabia's Ambitious Plans
(01:06:38) Economic Shifts and Resource Management
(01:07:16) China's Strategic Resource Investments
(01:08:04) Field Experiences and Infrastructure
(01:09:17) Work-Life Balance in Mining
(01:10:58) Motivation and Retention in Geoscience
(01:16:15) Adapting to Personal and Professional Changes
(01:19:48) The Importance of Field Training
(01:21:50) Ahmad's Individuality
(01:27:06) Memorable Podcast Moments
(01:33:27) Site Visits and Learning Experiences
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need
· CrossBoundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Today’s episode is a conversation that completely drew us in— with Canadian resource fund manager Darren McLean.
Darren is a thoughtful and passionate investor, focused onfinding unloved and overlooked stocks. He follows companies from drilling right through to construction and execution, with a particular interest insingle-asset plays.
In this wide-ranging chat, we cover some great stories —from investing in Champion Iron, GT Gold and Filo — to why mining offers such aunique opportunity set, and Darren’s own ambition to one day build a mine.
Enjoy the chat!
This interview was recorded on 22.7.25.
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TIMESTAMPS
(00:00) Introduction to Darren McLean and Muddy Waters
(01:43) Darren's Journey into Mining Investments
(03:38) Understanding the Mining Sector
(06:26) Investment Strategies and Success Stories
(10:00) Challenges and Opportunities in Mining Investments
(13:32) The Role of Follower Capital
(19:56) Case Studies: Champion Iron and GT Gold
(30:52) The Filo Mining Success Story
(48:09) Investment Philosophy and Final Thoughts
(49:10) The Reality of Investing in High-Risk Sectors
(50:03) Market Perception vs. Personal Insight
(53:01) Challenges and Strategies in Short Selling
(54:05) Case Study: Short Selling
(01:01:36) The Ambition to Run a Mining Company
(01:04:45) The Importance of Simple and Elegant Projects
(01:19:59) The Value of Building a Strong Technical Team
(01:26:39) The Unique Opportunities in Gold Investing
(01:34:06) Conclusion and Final Thoughts
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need · CrossBoundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
There’s plenty of alpha to be made — and money to be saved — by learning from a sceptical geologist. So we interviewed one.
Roland Gotthard has built a reputation for calling out poordisclosure practices, guiding investors on what to watch for, and recognising when companies get it right.
In this episode, Roland shares the lessons he’s learned fromyears of scrutinising company reporting and navigating the grey areas of themining market.
.……………
TIMESTAMPS
00:00 Introduction
00:46 Why JORCWTF?
02:25 The geologist skillset
08:20 The internal pressure of being a geo
12:40 Influences on bad disclosure
17:50 The small cap dilemma
21:34 The directors special
27:33 More red flags
31:26 Nuances to the directors special
39:04 Why maps
41:25 Metallurgy red flags
51:00 What to infer from Geotech work
54:36 Yellow flags
1:02:58 Never reported drilling
1:03:33 Being an outsider
1:04:50 Why continue JORCWTF
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need
· Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Recent wild volatility in markets has led us to reflect ongold, so we thought why not chat with the man who’s spent more time than most thinking about the precious metal… Dirk Baur.
Dirk was kind enough to share his wisdom from his decades of observing and analysing gold, as well as a host of other metals.
We learn how gold & gold equities perform in crisistimes, whether silver really is a safe haven, if we should consider PGMs as precious metals, the likelihood of bitcoin disrupting the gold bull market, why the GDX is not what it seems plus plenty more.
Enjoy the chat!
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TIMESTAMPS
00:00 Introduction
02:20 Is gold undervalued?
04:45 Safe haven vs hedge
09:55 Gold being trusted
12:25 Gold equities vs gold
15:58 Where does silver go from here?
19:50 Are the studies too short-dated
25:23 Negative return asymmetry in commodities
29:41 Unbacked gold claims
31:07 Have ETFs distorted gold
33:27 Gold ETF vs individual stocks
37:10 Central banks pushing gold
40:01 The gold standard
41:47 Green gold
47:15 Stablecoins
48:43 Tether in gold
49:59 Gold predictions
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need
· Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943 ……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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’re sharing a chat today that we immensely enjoyedrecording.
Luca Giacovazzi and Joel Turco, who lead Andrew Forrest’s private mining business Wyloo, joined us in the studio to have a conversation on a wide range of experiences, ideas and perspectives.
We reflected on the decision to spend ~$1B buying nickel assets, becoming the 60% owner of the Yangibana rare earth project as well as 20% of Neo Performance Materials, taking a big stake in Greatland Gold when people wouldn’t touch it plus the failed “fill-or-kill” raid on Regis Resources, to touch on just a few of the themes we covered.
Additionally, we brought back the spicy under-rated vs over-rated debate.
……………
TIMESTAMPS
00:00 Preview
02:24 Luca & Joel on Mom
03:02 Reflecting on adventures in nickel
12:50 Indo + battery shifts
18:36 Making $500m+ in Greatland
35:29 Regis Resources: What could’ve been?
41:21 Yangibana + Neo: A rare earth supply chain?
56:15 How Australia can stay ahead
01:02:28 Is infrastructure the right approach?
01:09:46 Will Big Super buy mines
01:16:30 Getting introspective
01:16:30 Getting introspective
01:19:20 Green premiums
01:24:37 Mines of the future
01:28:54 A Wyloo IPO?
01:33:02 Under-rated vs Over-rated
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground supportyou’ll ever need · CrossBoundary Energy – Independent powerproducer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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 got the pleasure of sharing a conversation with David Sparks — an investor in the natural resources world with experience at some of the world’s biggest hedge funds, including the famed multi-strat firm Millennium, as well as BBT and Exodus Point.
In this episode, we unpack why investing in mining from a pod shop is often a flawed strategy, how these firms came to dominate the market, and what it actually means when a pod “blows up.”
David also shares his picks for the most impressive management teams in global mining and plenty more along the way.
We hope you enjoy this one as much as we did.
……………
TIMESTAMPS
00:00 Introduction
02:09 David Sparks on MoM
07:55 Being Market Neutral
09:58 Why the model doesn’t work in mining
13:40 The Volatility
16:07 Reflecting on multi strategy funds
19:02 The worst way to invest in mining
23:55 Shorting
27:20 The “lack of risk”
30:40 Access to management
32:00 Deploying capital in an unconstrained world
34:40 Are mining stocks more inefficient?
36:40 Cheap stocks
……………
Join 12k+ 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:
· Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
· Sandvik Ground Support – The only ground support you’ll ever need
· Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the MoneyMiners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We went a bit rogue today with a completely different dailyepisode style.
Financial markets, mining and commodities are at a fascinating inflection point, and we wanted to hear what some of the smartest people in markets are thinking. So we called them.
This episode is packed with thoughts and ruminationsfrom Russell “Rusty” Delroy, Dan Porter and Tom Woolrych, who opened up on global macro, hunting for value, coal markets, and a bunch of explorers looking for the next big find.
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TIMESTAMPS
(00:00) Improvising a show
(01:42) Phonecall #1 - Rusty
(20:17) Phonecall #2 - Dan Porter
(24:52) Phonecall #3- Hedley Widdup
(25:09) Phonecall #4- Tom Woolrych
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We mix things up today with a daily show and interview allin one as we’re joined by Hank Ruehl, who is a natural resource investor through the fund he founded, Sierra Morena Capital.
We dive into the latest escalations in the Rack Attack, withKinterra and CAML falling over for New World, before heading up to Sudbury to take a look at Magna Mining, which has consolidated some forgotten mines.
Next, we unpack the highly dramatic fight for an outcome atTNR Gold, which sits on 2 great royalties. To wrap things up, we peel back the curtain on IperionX, the titanium producer play which is gathering steam in America.
You can connect with Hank Ruehl on Twitter: @HankRuehl
.……………
TIMESTAMPS
(00:00) Introduction
(03:03) The Rack Attack - Update
(07:17) Competitive tension for US assets
(09:35) Value in Magna Mining
(16:56) The draw of restart plays
(19:20) Twitter activism to unlock TNR Gold’s value
(33:38) IperionX – the West’s new titanium champion?
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
To kick things off today we pick apart Paladin’s announcement that CEO Ian Purdy will step down and look at what the future could hold for the uranium miner.
We then venture to West Africa where Predictive shared their DFS numbers on the Bankan project, leading us to speculate who will make an approach for the developer.
Rounding off, we discuss the news that Astron & EnergyFuels received regulatory approvals in Victoria of all places as well as the announcement that Wildcat will embark on a share buyback.
.……………
TIMESTAMPS
(00:00) Introduction
(03:23) Is PDN’s leadership change cause for concern
(13:36) What does the future hold for takeover target PDI
(25:13) Should gold miners be doing M&A now?
(29:37) Astron get the all clear… in Victoria!
(31:09) A lithium developer does a share buyback
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Nothing gets us excited like a bidding war. The Rack Attackin Arizona ft. New World Resources, Kinterra Capital and CAML is delivering on all fronts, we share the latest here plus explore the rising trend of resource nationalism.
We wonder if Barrick could be doing things differently amidtheir dreadful performance in this gold bull market and cast our eyes over the merit of Reko Diq in particular.
And to round out the episode, we speak with Tim Staermose of African Lions Fund, on the intricacies of investing in frontier African markets. Connect with Tim on Twitter: https://x.com/globalvaluehunt
The interview with Tim Staermose was originally recorded on 5 June 2025.
.……………
TIMESTAMPS
(00:00) Introduction
(01:53) The Rack Attack in Arizona – Updates
(11:00) Much Ado About Resource Nationalism
(15:44) Why Barrick is so Beaten Up?
(24:38) Tim Staermose Interview Begins
(26:57) How African Markets have Changed
(35:40) The Status of Various African Mining Jurisdictions
(38:14) Up and Coming Frontier Markets
(40:50) When it Goes Wrong: Inflation…
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Hostile M&A is back! Kinterra Capital and CAML are going head-to-head in their quest to take out New World Resources, giving us no shortage of enjoyment.
We also picked up on a chunky financing package for Asante Gold, who has secured ~US$500m+ to make their Ghanaian gold mining dreams a reality. Could there be an opportunity in the recapitalisation?
.……………
TIMESTAMPS
(00:00) Introduction
(01:56) The Rack Attack in Arizona
(19:16) Why Asante caught the eye
(21:12) What’s the opportunity
(32:15) Who’s done it before
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
Next up: the drama at New World Resources, where a bidding war could be brewing.
And to wrap, a juicy chat about Black Cat’s bold call to stash gold instead of Aussie dollars — and what it says about the market mood.
.……………
TIMESTAMPS
(00:00) Introduction
(00:48) Uranium mania (again)
(19:09) NWC: A brewing bidding war
(28:19) Should goldies hold bullion over cash
(32:27) Which miner holds the most gold?
……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
We have been struggling to make sense of the headlines in the rare earths market lately. What's relevent? What's real? Why do the equities make no sense?
To piece it together, we've pulled together a conversation with 3 very insightful people that cover the sector: Thomas Kruemmer (of The Rare Earth Observer), Sustainable Dude, and Dylan Kelly (DK) of Terra Capital.
The discussion covers the geopolitical tensions impacting the market, China's dominant role and export restrictions, environmental and regulatory challenges, and the intricacies of the rare earth supply chain from mining to end-use products.
Plus, will clays ever work in the west? Why does Lynas and MP Materials trade at many multiples of their NPV?
Find the guests of today's episode here:
.……………
TIMESTAMPS
(00:00) Introduction
02:09 Rare Earth Experts
03:19 Geopoliticals - what's going on?
07:43 Challenges in the supply chain?
21:48 Can clays work ex-China?
38:15 Understanding Rare Earth Imbalance
39:12 Engineering Solutions for Demand
39:44 Challenges in Rare Earth Production
40:49 Magnet Technology
43:51 Investing in the Equities
52:52 The Role of China Revisitted
01:02:58 Geopolitical Dynamics and Future Outlook
01:05:00 Deals that make sense……………
Join 12k+ 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:
Mineral Mining Services – Your preferred mining contractor - 1300 546 117
Grounded - Infrastructure for remote mining and civil projects Australia wide | Paul Natoli: pn@groundedgroup.com.au
Sandvik Ground Support – The only ground support you’ll ever need relevant
K-Drill – Safe, reliable, and productive surface RC drilling | Ryan O'Sullivan: ryan@k-drill.com.au +61 427 783 190
Cross Boundary Energy – Independent power producer for the global mining industry | tim.taylor@crossboundary.com +61 466 184 943
……………
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
• Step 1: Join the Money Miners Facebook Group
• Step 2: Request access to the HOOTEROO chat
……………
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.
