You’re Not Long Copper: The Exposure Is Not What You Thought It Was
The Commodity Purity Index (CPI, an unfortunate acronym) is a framework developed to measure, on a rolling basis, the extent to which the...
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The Transformation of Lundin Mining (Part 2): Building the Next Copper Major
As we demonstrated in part one of this two-part report on Lundin Mining (LUN), the company has undergone a transformative five-year period that...
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2025 Year End Letter to Investors
During the fourth quarter of 2025, the Massif Capital Real Assets Strategy advanced 9.6% net of fees, lifting full-year performance to 50.0% net...
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Third Quarter 2025 Letter to Investors
During the third quarter of 2025, the Massif Capital Real Assets Strategy returned 36.1% net of fees, bringing our YTD returns to 41.5% net of fees.
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The Transformation of Lundin Mining: A Five Year Capital Allocation Masterclass (2020-2024)
In the history of mining corporate strategy, few companies have executed a more comprehensive and successful transformation than Lundin Mining...
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