Show Notes
We're hunting far and wide for the best businesses in mining.
Naturally, we had to speak with Sprott, one of the mining industry's best known brands.
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.
Joining us is John Ciampaglia, CEO of Sprott Asset Management, to talk through his 16-year journey of highs and lows.
• Why Sprott's gold sits in the Royal Canadian Mint
• Telling half the staff they no longer worked at Sprott
• The New York trader who rang to say they were wrecking the uranium market
• "Let's do $300m, that'll last two years." It lasted three weeks.
• The price where SPUT holders would happily hand over 82 million pounds ……………
TIMESTAMPS (00:00) Sprott is up 4x in three years (00:55) Why John joined Sprott in 2010 (04:20) Eric Sprott and life after a star founder (06:55) Why Sprott's gold sits in the Royal Canadian Mint (12:30) Surviving the commodity bear market (14:55) Central GoldTrust and Central Fund of Canada (19:50) Splitting the company in two (23:00) Project Nuke: winning over the UPC board (28:30) $300m of uranium sold in three weeks (33:30) Can SPUT move the uranium price? (36:40) What's the endgame for SPUT? (42:40) Buying URNM and launching URNJ (44:45) What makes a commodity right for a physical trust (46:50) The Rare Earths ex-China ETF (49:50) Sprott's wealth business (53:20) Is Sprott a takeover target? ……………
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