Trillion-Dollar Mining Stocks, Developer Due Diligence & Stock Picks – Fund Manager Samuel Pelaez

“The long-term drivers for the commodity cycle are intact. The rally that we’ve seen over the last 24 months, it’s just like a teaser of what’s coming when you look at broad sort of like landscape ideas in terms of like the exposure of global markets to mining and metals and to energy as well, it’s less than 1% in some cases. If that only gets back to long-term averages of 5 to 10%, we’re looking at trillions of dollars that are going to roll into our space. We live in a world where companies have trillion-dollar valuations. Why can’t our companies [miners] have trillion-dollar valuations?” explains Resource Fund Manager Samuel Pelaez in this MSE episode.

Samuel Pelaez is the President, CEO and CIO of Olive Resource Capital Inc. He has dedicated the past decade to financing natural resource projects while serving as Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at US Global Investors. Mr. Pelaez has been an early investor in numerous resource discoveries and has been an active participant in Canadian resource corporate transactions. Samuel graduated from the Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The University of Cambridge. He was a scholar of the Financial Leaders of Tomorrow Program at the PBOC Graduate School at Tsinghua University in Beijing. Samuel is a CFA charter holder and member of the Toronto CFA Society where he resides.

00:00 Intro

00:47 Market Outlook and Fed

02:41 Gold Pullback Opportunity

04:12 Liquidity Spreads to Commodities

07:04 Whales Media and Charts

08:29 Copper Capex and Juniors

13:54 Project Quality and Water

17:13 M&A Drivers Permitting

19:46 Fast 41 and Policy Tailwinds

21:50 Portfolio Construction Focus

24:21 Position Sizing Concentration

28:37 Benchmarking and Learning

34:10 Top Picks to Watch

36:45 Olive Resource Capital Thesis

39:23 Cost of Living Philosophy