The worst of the cycle could be over
Russell Delroy
Nero Resource Fund
In my view, we're currently bouncing along the bottom of the mining cycle with good scope for upside over the medium term as a range of commodities are currently priced well into their respective cost curves, which is unsustainable. The recent pullback in the USD coupled with significantly improving Chinese data has driven a number of commodities higher through Q1 and into Q2. We don’t anticipate smooth sailing but take the view that the worst of this cycle is probably over. The shorts are getting lighter and the sector is under-owned by the generalist funds.
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Managing Director at Nero Resource Fund - a boutique investment fund focused on small to medium capitalisation resource companies
2 topics
Russell Delroy
Managing Director
Nero Resource Fund
Managing Director at Nero Resource Fund - a boutique investment fund focused on small to medium capitalisation resource companies
Expertise
No areas of expertise
Russell Delroy
Managing Director
Nero Resource Fund
Managing Director at Nero Resource Fund - a boutique investment fund focused on small to medium capitalisation resource companies
Expertise
No areas of expertise
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