After a year of dramatic recovery, our Leader’s in mining investment panel discussed what will shape the world of natural resources and where they see value within the sector. We hear about several themes driving returns in the metals and mining space, chiefly looking at how the energy crisis and sanctions on Russia and war in the Ukraine has upended an already hot commodity market. We learn how inflation and the move from growth to value is boosting are real assets and in turn mining equities for generalists and large endowment funds.
Finally the panel shares views on how they find value in a volatile sector with significant risks inherent.
Panellists:
Caroline Donally, Managing Partner, Sprott Resource Streaming & Royalty
Carl Tricoli, Founding Partner, Denham Capital
Kevin Smith, CEO, Crescat
Jose Martinez, CIO, Rimac Segurios
Timestamps:
00:00 - Intro
02:00 - Are we entering a supercycle fueled by energy crisis and war in Ukraine?
09:43 - Macro forces setting up secular bull market
20:18 - How to prices deals and look for value with record metals prices
35:00 - Institutional appetite for Uranium projects
38:30 - Institutions and bucket investors and why capital is slower to enter mining this cycle
42:44 - Nickel market views, LME and Russia disruption
