Hans Peter Zihlmann: Uranium Exploration Companies Continue To Make Impressive Gains
Peter has been a portfolio manager for a long time and remains excited about uranium. His Timeless Uranium Fund is up 34% since uranium bottomed in November, and from the beginning of this year it is up 40%. His fund covers the entire uranium sector, with exploration currently being most attractive.
Recent days have shown a drop in the price of uranium with a corresponding drop in stocks, Peter remains unconcerned as demand is increasing due to China, India and Russia building reactors. Since companies cannot be profitable in production due to the uranium price being so low, he remains very bullish long term.
He is quite optimistic about the potential of the coming cycle and expects to see uranium at $60 and above, previous market cycle highs are likely to be tested. Several uranium company stocks are discussed that have a focus on exploration as they have seen great performance.
He discusses Appia Energy and how they are exploring a big project in the Athabasca Basin. Their properties look highly promising with a good team- and a new drilling program about to begin.
Talking Points From This Week’s Episode:
• Peter is optimistic about the coming cycle and expects to see much higher prices
• Favorable demand in utility reactor construction is encouraging
• The Timeless Uranium Fund is currently focused on exploration
• Appia Energy could be a favorable speculative exploration pick
Mr. Peter Zihlmann serves as Chief Executive Officer at Central Asian Minerals and Resources PLC. Mr. Zihlmann served as an Executive of Teryl Resources Corp. and Linux Gold Corp. He has over 30 years’ experience as an Investment Manager in Switzerland and abroad, including at Commerzbank (Switzerland) Ltd and Banque Scandinave en Suisse. In 1994 Mr. Zihlmann established his own investment company, P. Zihlmann Investment Management AG. He serves as a Director of The Timeless Precious Metal Fund (“Timeless”), The Timeless Energy Fund and The Sierra Madre Gold & Silver Venture Capital Fund. He has been a Director of Central Asian Minerals and Resources PLC since July 1, 2013. Mr. Peter Zihlmann served as a Non-executive Director of Central Asian Minerals and Resources PLC from May 3, 2011 to July 1, 2012.