Money of Mine

JD and Emanuel Datt, founder of Datt Capital, sat down for a broad-ranging 1 on 1 discussion.We went in-depth on Emanuel’s investment style, what the current macro environment is looking like, and what his thoughts are on various commodities as well as digging into a few stock-specific thoughts. In addition, we couldn’t resist a rapid-fire under-rated vs over-rated round to finish things off. 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:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drillingTopdrill – Using digital solutions to provide safe, productive, and cost-effective drilling services Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:39) Intro to the interview(4:57) Interview with Emanuel(6:23) Being a Unique & Uncorrelated Fund Manager(12:15) Extracting Value from Twitter(13:40) Getting up the Curve Yourself(16:08) Instinct vs. Intuition(17:14) Not Engaging Management(20:41) Running an Absolute Return Fund(21:45) Being an Activist(24:05) The Macro(25:30) Large Cap vs Small Cap Value Divergence(27:40) Getting compensated for Illiquidity(30:45) Tech vs Resources(34:00) Risks of Holding Coal(36:35) The Rare Earths Outlook(38:52) What to look out for as a WA1 Holder(43:00) Seeing Value in GL1(46:06) Dreadnought’s News on the Horizon(47:18) Adriatic inching toward Production(53:56) Over-rated vs. Under-rated!

The podcast covers topics such as aftermarket crossing for Delta Lithium, SQM's bid for Azure, Deterra's results, and a song submission for Matty. They discuss the advantages of a royalty company and explore recent events and trading activity. They also delve into the attractive business model of Deterra and express gratitude to podcast sponsors.

As we recover from Diggers, we dive back into the daily news rhythm. And today we cover some interesting territory. We kick things off in Matty’s favourite part of the country, Cobar. He asks Trav what “surety” means in the context of Polymetals’ (POL.ax) Environmental Bond. Sheffield (SFX.ax) commence commissioning at their Thunderbird Mineral Sands Project. Trav tries his hand at some shareholder activism once again – this time it’s Gascoyne (GCY.ax). Auteco (AUT.ax) are in halt and Matty tries to guess what they could be buying. And Azure Minerals (AZS.ax) are also in halt as they respond to the media speculation of corporate interest from SQM.  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:  Terra Capital – Specialist Investment manager in the natural resources sector  Anytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much more  JP Search – Recruitment specialists for the financial world  K-Drill – Safe, reliable, and productive surface RC drilling  Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.  Subscribe to our weekly newsletter HOOTEROO HERALD  Follow Money of Mine on YouTube  Follow Money of Mine on Twitter  Follow Money of Mine on LinkedIn  Follow Money of Mine on Instagram  (0:00) Preview(0:49) Introduction and Corrections(5:07) Polymetals (POL) Environmental Bond Surety(8:33) Sheffield (SFX) Commence Commissioning For Thunderbird(11:49) Gascoyne (GCY) Royalty Dilemma – Activism Begins(27:35) Auteco (AUT) in Halt, Buying Something?(31:19) Azure Responds to Media Speculation

Westgold’s (WGX.asx) MD Wayne Bramwell entered the Money of Mine dungeon for a great chat on Day 2 of Diggers n Dealers. Plenty of hard hitting questions about Westgold’s culture turn around, along with the big question…..”Did they bid on Gascoyne”? 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: Terra Capital – Specialist Investment manager in the natural resources sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram  CHAPTERS (0:00) Preview(0:41) Introduction(2:08) What’s the goss in the Murchinson?(4:12) Wayne’s history as a foundation Tin barron(8:29) Evolution looking at Westgold? Or are Ramelius?(13:41) Wayne’s view on Capital market dynamics(17:29) Over-rated / Under-rated(20:02) Did WGX put in a bid for Gascoyne?(20:35) Westgold’s culture turn around

We’ve battled our way back from Kalgoorlie and have a good one in store for the Money Miners today.Having seen the awards dished out by Diggers and Dealers, we’ve decided to conjure up a few awards of our own. Titles we announce include the ‘Stage Hog Award’, the ‘Most Memorable Slide Deck’ and the ‘Diggers Best on Ground Award’.The one is a can’t-miss episode! 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:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:27) Introduction(2:10) Our New Diggers Awards

We’re at the end of 3 big days at Diggers, and we’ve got a great interview to share. Please bear with our lower-than-usual production standards because the value of this one is phenomenal. Jake Klein, the executive chair of Evolution Mining (EVN), one of Australia’s largest gold miners, came on Money of Mine to share his thoughts with us. We had a great chat about gold, copper, M&A, previous acquisitions, and a bunch more. We hope the Money Miners enjoy the discussion! 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: Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:29) Introduction(2:26) Interview with Jake Klein(24:09) Wrap-up

Money of Mine dialing in from Diggers – Day 2! We had some great chats throughout the day and are sharing a couple of the conversations. Tony Rovira, MD of lithium market-darling Azure Minerals came on, along with his son who tried his best to steal the limelight. Our discussion ranged from growing a lithium exploration story to the tough junior gold market, and a bit about their family backstory. We also caught up with Ron Mitchell, MD of lithium developer Global Lithium. We covered plenty of ground including the market reaction to their scoping study, the state of the market, and a great over-rated vs. under-rated session. 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:Terra Capital – Specialist investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drillingJoin our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:30) Introduction(2:36) Azure Minerals AZS Tony Rovira (& son)(33:09) Ron Mitchell Global Lithium GL1

Diggers day one for the Money of Mine team! We apologise for this trainwreck episode…We had our mics and cameras rolling from De Bernales, picking up on what the word on the decline was.Our conversations were casual, ranging from various opinions on what different commodities are doing, the news of the day to a few contrarian views on the market.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:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldJoin our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.Subscribe to our weekly newsletter HOOTEROO HERALDFollow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram

Money of Mine has delivered another great interview for the Money Miners today with none other than Pilbara Minerals CEO Dale Henderson.We visited the Pilgangoora operations and got the chance to sit down with the boss and grill him on how they’ll spending their big pile of cash, building an enduring business and his take on how hard it will be for competitors to bring lithium production online.We also ran through Trav’s Top Tweets, with as always, some hilarious content.Next week we’ll be at Diggers and Dealers in Kalgoorlie, so if you’re around town, come to De Bernales where we’ll be set up and tell us what you’re hearing on the decline!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:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much moreJP Search – Recruitment specialists for the financial worldJoin our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.Subscribe to our weekly newsletter HOOTEROO HERALDFollow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on InstagramChapters:(0:00) Preview(0:24) Intro(3:11) Our Thoughts on Pilbara Minerals site Pilgangoora(8:43) Interview with Pilbara Minerals CEO Dale Henderson(21:20) Trav’s Top Tweets

Today we’re sharing with the Money Miners our discussion with Kingsley Jones. Kingsley runs the investment firm he founded, Jevons Global, on the back of years of experience at firms such as Credit Suisse, AllianceBernstein, and Macquarie group. With this background, his early career may surprise some. He is a PhD in Theoretical Physics with added experience working in research, which shines through in his scientific-based outlook on the market and commodities. We had a great discussion ranging from topics such as the implications of the Inflation Reduction Act & downstream commodity processing to the various commodities he looks at and their outlooks, including graphite, rare earths, lithium, and more. Be sure to catch Kingsley’s Quick Fire Round, with his under or overrated takes on topics from DLE to Niobium to Lynas. Enjoy the interview & feel free to get in touch with any feedback! 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:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage plus much more Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:51) Introduction(2:35) Welcoming Kingsley Jones onto Money of Mine(3:22) What does Jevons Global Do?(6:16) Transitioning from Theoretical Physicist to Investor(8:35) Why Kingsley Loves the Commodity Market(9:55) What’s the Macro Situation(19:07) Fighting Disinformation(23:07) Is Lynas’ History a Case Study for the Future From IRA?(28:29) Potential Bifurcation from the IRA and Winners(33:13) Lithium and the IRA(38:09) Going Downstream in Australia(41:10) What’s the actual Price Floor in Iron Ore(49:33) How to Understand the Graphite Market(54:38) Avoiding Group Think(58:32) Quick Fire – Underrated or Overrated?!