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 attactive.
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.