Jim, great to have you back on Real Vision.

Thank you, Jack. It's great to be here. I'm doing well.

Nice. Well, you were on before with Jim Grant's making macro calls because you come from the

Hedge Fund world. But now you're actually the CEO of the only rare Earth's minor and producer of concentrate in the Western Hemisphere.

So I guess one of the questions I want to ask you in this conversation is how do that happen?

Sure, yeah, it's one of those things that you never expect in life. It was a big turn,

sort of speak, but as I've traditionally viewed myself to be a contrarian investor

you never know what what opportunity will present itself particularly in a in a regime that we're in now with ubiquitous money

printing out there. And so we came across MP at my investment firm,

JHL Capital Group, back in, it was actually back in late 2014.

We were, we had been short a lot of energy and with sort of a view that OPEC was breaking and that we were

transitioning from a period where oil in general was sort of cyclically and secularly challenged and so we'd gone from an

OPEC period where there was a price floor to the expectation that with shale and all

of the supply and the reduction of demand that there be a price ceiling and so you know that was a sort of a very

successful short for us and of course we we thought we'd follow up in early 15 with with

looking through the wreckage and trying to find the babies with the

bathwater of the energy collapse kind of in early 15 if if you recall there there were

a lot of distressed credits and so I had remembered the

Molly Corp IPO and lo and behold the the bonds were their secured bonds were

trading at a substantial discount we can kind of get into the cast, but that's

originally how I came across it. I had no expectation of, you know, being in

in this business until literally early 15 and even then, you know, I thought it was going to be a passing trade sort of speak but then chaos ensued.

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