Why Lithium Today Is The Same As Uranium In 2007 with Rick Rule
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- Опубліковано 23 лип 2024
- Today we had the pleasure of having a deep dive discussion with the one and only Rick Rule.
We covered heaps of ground including fundamentals in natural resource investing, the nuclear renaissance, lithium’s rise from obscurity, surging resource nationalism, picking reliable management teams, unloved sectors, and a heap more.
Check out Rick’s upcoming Natural Resources Symposium here: shorturl.at/cHO26
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CHAPTERS
0:00 Video Preview
0:54 Introduction to Rick Rule
4:23 Contrarianism in Resources Investing
7:20 Lithium Boom is Like Uranium
20:19 Uranium Investment Case
26:09 Coal is the most mispriced
30:26 Investing in high optionality
33:57 Career highlights at Sprott
45:53 Nationalism of resource projects
50:05 Management costs for Exploration
1:00:58 Rick's upcoming Synposium
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DISCLAIMER
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.
Rick Rule for sure is a legend, but I would strongly caution your listeners to ignore anything he says on lithium - he has been consistently wrong in being bearish about it since 2016/17. Unlike the Wyloo guys you recently interviewed, he fails to acknowledge he missed investing in lithium, which over the last few years has provided returns for investors similar to his prior uranium wins.
Interesting mate. Rick's always got an intriguing take worth listening to. Lets see where this market goes!
Agree lithium is here for the long haul. We are in energy revolution. Entirely different.
Rick rules
This comment has aged well. 🤣
Holy shit. You got Rick Rule with under 3k subs. Legends!
She won't be under 3k for long cobba
Ocean of knowledge. Great presentation. Well done Bogans
Cheers mate - here's us hoping a bit rubs off!
Great to have Rick on! :)
Sure was cobba!
What an achievement guys. When you get "The Real Rick Rule" on your Channel, you know you've made it on the Tube. 😂
Rick gives his knowledge and wisdom so freely, you know he's sincere with his conference in Florida. Its not about profit, but spreading the word about mineral resources.
Cheers Peter! Rick is great, lots for us to learn from the man.
Cheers Peter! Rick is great, lots for us to learn from the man.
Great show! What a blessing having Rick, such a great natured guy.
Cheers mate - we loved the chat!
You guys got the best out of Rick on this one.
Great to hear that mate!
Rick , Charlie, Warren all intelligent patient investors. All from a different generations and different mind set with proof what they do and say should be listened because of results. Good interview
Always gotta learn from those with experience!
Well done boys ! Ricks a legend looking forward to watching this!
Thanks mate - hope you enjoyed the chat like we did!
Interesting insights in the video! I've been following Fuse Minerals, and their focus on copper and gold exploration in Western Australia and Central Queensland is intriguing. Given their experienced team and early investments from figures like John Hancock and Warren Mundine, it seems like an exciting venture for investors in the Australian mining sector. Looking forward to more discussions on this topic!
Easyyy on the vape brothaaa!! What a pod this was, keep it up gents!!
Hahahaha what time stamp is it? Hilarious that I got stung
Matty
the mighty and master Rick Rule, good to see an Oz channel interviewing him, cheers from Melbourne
Thanks mate!
When I see a Rick Rule interview, I just press like, then spend time watching it!
He's always got something interesting to say right!
You are taking it to the next level guys with your guest speakers. Great content. That mine in Mudgee which Rick refers is now known as SVL. (Silver mines Ltd)…. 400,000,000 Ag ounce mine hoping to commence operations in 2024…
Thanks for the great feedback mate. Yep you're right, that one's on the silver watchlist!
Thank you!
Thank you mate!
Rick Rule what a legend. Sounds like he’s had a few fun times at the diggers n dealers in Kal. Great episodes lads look forward to the next episode. 👌
Cheers mate - I bet he has!
Well done gents great to see Rick on
Cheers cobba!
Awesome interview guys, does Rick have a website? I found him a very interesting guy
Thanks mate - he does (ruleinvestmentmedia.com/) as well as a handy UA-cam channel!
Getting the big guns on here now - love to see it - congrats
PS: Would love to see the Lundin bros at some point
Thanks mate! We'd love to get the Lundin's on - we'll look into it!
Damn Rick Rule! You guys have done amazing!
Thanks mate!!
Fantastic gents 👌
Cheers mate!
Rick has been denying the feasibility of green energy and electric vehicles as long as I have been following him so to hear him switch to giving advice on all things renewable lately is hilarious
Rick Rule and Money Miners 😁
Hell of a combo!!
Four legends of the mining industry
Hahaha too kind mate
Mesmerising. Love RR
He's great isn't he!
What a great chat.... listening to RR's advice makes me realise even more so how stupid I was investing in XTC 3 years ago..... Id Love you to get Featherby on and rip him a new one.
Haha that's what we're here for - glad you enjoyed the yarn mate!
Congrats fellas! Starting to get some recognition from the big wigs in the natural resource sector
You know it mate!
You’re on a good Run boys!
And we're not slowing down mate!
And guys, USGI top 10 list of PM mining stocks named by cash flow yield, The Aussies figure prominently. SLR's June qtr should have shocked everyone. It came totally from left field. LT has been holding back.
Yeah Silver Lake sure did have a good quarter didn't they!
How are ya gunna top that one lads?
You just watch cobba!!
This guy is the next level. How did you convince him to come on?
Listen to the end of the show
Cheers mate - Rick's great for an interview, heaps to learn from. He was more than happy to jump on for a chat!
Money miners,what is happening to ASX LLL is it another AVZ? Thanks guys.
No
Hey mate, we had a chat about it a couple days ago when it went into trading halt (ua-cam.com/video/gUJDYd5a8Tw/v-deo.html). We'll cover it more when they announce more info!
Thank you sir,a bit worried about investing in South Africa.More power to Money Miners.
@franciscoyap5906, I own platinum specifically because I’m betting on the collapse of SA to cause supply shortages. Every month the odds keep moving in my favor. I wouldn’t touch an investment there with someone else’s money. (Sympathy to those in SA by the way.)
Never again to invest in South Africa they all corrupt government look at ASX AVZ and ASX LLL both of them suspended on the ASX.LLL is just announced further suspension it’s is just a pattern on AVZ.
really loves himself
Rick doesn't use these words, but in effect he's saying that many junior mining companies are scams.
Who else caught the Norm McDonald line?
F$%K, I hope someone warned him what he was getting into , saying that i think he enjoyed it.. I Did .
Hahaha we reckon he had a good time!
Bloody oath 😂
Too right mate!
Comparing Lithium to Uranium in 2007 is a bit off. The Marginal cost of production is $30k Tonne currently in Lithium and the future demand growth curve for Lithium is much higher than Uranium. I agree their are alot of crappy lithium companies now but given the demand growth the supply will not catch up meaningfully due to exactly the lack of qualified people developing lithium juniors.
So buying into near term developers with good low cost large resources $SGML and $LAC
You will see a growing EBITDA
Just don’t buy into sketchy Juniors
Buying quality should do well - developers have been having a very tough time of it lately. Always interesting to hear Ricks thoughts
He has no doubt that the world will “solve the problem of supply”. It currently takes on average 6-7 years from discovery to production.
Contrarian opinions are welcome, but pls seek out informed speakers next time.
Rick's seen a few more cycles than we have, so always handy to get the opinion of someone like him 👍
@@MoneyofMine. Just because someone has ‘been around a while’ doesn’t mean they have anything worth offering.
Kazakhstan is catering to the East. China, Russia. China has insatiable need. Also the west simply cannot rely on Kazakhstan again. Energy independence & security. Govts have learned.
Energy independence sure is key mate!
Don't appreciate swearing
In relation to EV's, Toyota has it worked out, which is why they're developing hydrogen combustion, As for Elon's recent dump on hydrogen. He's talking his book. Watch Elon dump his Tesla position over the next few years.
People can't help but talk their book! Toyota's strategy is intriguing, their most recent updates were very fascinating. They've long dominate the hybrid space and Japan as a nation has invested more than most in hydrogen!
@@MoneyofMine Look at the announcement last year I think it was, or late 21 by the team at Uni of Tech Sydney on the development on a full working conversion of a diesel to hydrogen.
With the inevitable ability to mass produce green hydrogen, possibly less than 5 years away, it's a no brainer. EV's will be dead in the water.
It is one of the dumbest technologies ever devised by man and deserves what is coming.
Lithium is a dead end.... the EV craze will fail