Money of Mine

← Money of Mine7 okt · 57 min

Sprott: The Best Business in Mining? (John Ciampaglia)

Sprott: The Best Business in Mining? (John Ciampaglia)7 okt57 min

<p>We&#39;re hunting far and wide for the best businesses in mining.</p><p><br></p><p>Naturally, we had to speak with Sprott, one of the mining industry&#39;s best known brands.</p><p><br></p><p>From the Sprott Physical Uranium Trust (SPUT) to its physical gold and silver trusts and the Uranium Miners ETF (URNM), Sprott has grown enormously since its early days.</p><p><br></p><p>Joining us is John Ciampaglia, CEO of Sprott Asset Management, to talk through his 16-year journey of highs and lows.</p><p><br></p><p>• Why Sprott&#39;s gold sits in the Royal Canadian Mint</p><p><br></p><p>• Telling half the staff they no longer worked at Sprott</p><p><br></p><p>• The New York trader who rang to say they were wrecking the uranium market</p><p><br></p><p>• &quot;Let&#39;s do $300m, that&#39;ll last two years.&quot; It lasted three weeks.</p><p><br></p><p>• The price where SPUT holders would happily hand over 82 million pounds</p><p>……………  <strong> </strong></p><p><br></p><p><strong>TIMESTAMPS  </strong></p><p>(00:00) Sprott is up 4x in three years<br>(00:55) Why John joined Sprott in 2010<br>(04:20) Eric Sprott and life after a star founder<br>(06:55) Why Sprott&#39;s gold sits in the Royal Canadian Mint<br>(12:30) Surviving the commodity bear market<br>(14:55) Central GoldTrust and Central Fund of Canada<br>(19:50) Splitting the company in two<br>(23:00) Project Nuke: winning over the UPC board<br>(28:30) $300m of uranium sold in three weeks<br>(33:30) Can SPUT move the uranium price?<br>(36:40) What&#39;s the endgame for SPUT?<br>(42:40) Buying URNM and launching URNJ<br>(44:45) What makes a commodity right for a physical trust<br>(46:50) The Rare Earths ex-China ETF<br>(49:50) Sprott&#39;s wealth business<br>(53:20) Is Sprott a takeover target?</p><p>……………  </p><p>  </p><p>Join 19k+ subscribers to the <a href="https://www.moneyofmine.com/subscribe" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Director’s Special⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>:one daily email with all the news that matters in mining  </p><p>……………  </p><p><strong>  </strong></p><p><strong>PARTNERS  </strong></p><p>Thank you to the mining services businesses that make this content possible:  </p><p>• <a href="https://www.rocktechnology.sandvik/en/products/ground-support/" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠<strong>Sandvik Ground Support</strong>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> – The only ground supportyou’ll ever need</p><p>• <a href="https://www.titanrecruitment.com.au/contact" target="_blank" rel="ug