Hunting for Value in Mining Stocks Amid Soaring Metals Prices | Freddy Brick | Muddy Waters Capital – Monetary Matters with Jack Farley

Hunting for Value in Mining Stocks Amid Soaring Metals Prices | Freddy Brick | Muddy Waters Capital – Monetary Matters with Jack Farley — Transcript

Market views

Bullish

COPPER— Copper bull thesis makes sense due to difficulty finding bulk assets, hairy jurisdictions for new discoveries, and increasing infrastructure/data center demand in the West, though timing is uncertain.
FARADAY— Owned at much lower prices, backed by proven Lundin family, trusted CEO, asset improving while stock price stagnant for 4-5 years.
SNOWLINE— World-class project in Yukon that is a no-brainer takeout for majors, could massively open up the district, though it's a longer lead project needing infrastructure.
MAYFAIR— Own just under 20%, brought in new management team, phenomenal straightforward project with manageable CapEx, backed by notable investors including Oaktree, incredibly asymmetric investment currently dislocated from market.
JUNIORMINING— Junior mining sector has been decimated since 2011 with capital flight, talent drain, and structural barriers preventing institutional investment, creating opportunities in good assets trading at distressed valuations despite higher metal prices.

Bearish

ASANKO— Ghanaian gold asset was proven to be a fraud through block modeling analysis showing smearing, pattern of deception from management, ultimately successful short.

Not investment advice.