Episode Details

Rick Rule of Rule Investment Media joins host Andy Millette to break down how capital scarcity, political risk, and long-cycle supply constraints are reshaping the opportunity set in natural resources. Rick explains what makes a merger truly value-creating, why jurisdiction and permitting remain decisive risk factors, and what he believes investors should be watching into 2026—especially across gold, copper, nickel, and oil and gas. #Millettian In this conversation we cover: The logic behind “intelligent” M&A and when scale actually improves outcomes Why certain jurisdictions can quietly destroy returns through delays and uncertainty Copper’s structural deficit and why future shortfalls could…