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The Resource Speculator

Respeculator

Speculating in the volatile world of natural resources

Platform
Substack
PricingOnly free issuesPublishesDaily
Issues13Founded2 years agoLast Issue5 days ago
Active

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Latest Issues

Sink or Stream

After reading the note I released a few days ago on Aurelia Metals and what I’m about to write - you’d be forgiven for thinking I’ve got some kind of fetish for small scale, underground, polymetallic orebodies with a bunch of warts. Maybe t...

5 days ago
26
4

Addendum: Aurelia Metals

A few quick additions/amendments to the note on Aurelia Metals earlier in the week (“The Cobar Comeback… Pt 2”)

1. Zinc processing synergies

I quantified a A$50m pa “synergy” that a potential CSA/AMI tie up could generate by taking...

6 days ago
13
3

The Cobar Comeback... Pt 2

In the prior version of this blog two and a half years ago I wrote up a turnaround story on Aurelia Metals (“The Cobar Comeback”) which I mentioned I still own today in the rehash (“We’re back (for now)”). I pitched the play for a number of...

8 days ago
30
8

A crack-up boom

Capital cycles

The resources sector is fundamentally shaped by long capital cycles. As Rick Rule always says “the cure for high prices is high prices and the cure for low prices is low prices”… which is a short hand way of explaining t...

15 days ago
38
12

We’re back (for now)

It’s been two and a half years since I last wrote a blog post. I began writing “The Resource Speculator” in November 2023 and ended it in haste in March 2024.

Am I bringing it back? Definitely not in its prior form - which was writing freq...

19 days ago
107
26

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