Portfolio Manager Django Davidson joins Travis Riccardo and Jonas Dorling on the Money of Mine podcast to discuss the capital cycle in mining and commodities.

In this episode, Django covers:

• The capital cycle framework

• Why supply is measurable but demand is storytelling

• Why Implats returned 100x over a decade

• A deep dive into PGMs — the geology, the geography, the EV narrative, and why these companies still trade below replacement cost

• How BHP and Rio’s iron ore assets have generated better returns on capital than Microsoft over 30 years

• Why mining represents just 1.6% of the S&P 500 and what that signals for the decade ahead

• The case for natural diamonds

• Where uranium sits in the cycle, and why he is cautious at current prices

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Youtube: How Capital Cycles Create 100 Baggers In Plain Sight

Apple Podcasts: Money of Mine - Podcast - Apple Podcasts