|
|
By: Peter Zihlmann
P. ZIHLMANN INVESTMENT · MANAGEMENT AGYour independent SWISS asset manager THE TIMELESS PRECIOUS METAL FUND THE TIMELESS ENERGY FUND (SOON TO ME RENAMED TIMELESS URANIUM FUND) THE SIERRA MADRE GOLD & SILVER VENTURE CAPITAL FUND
ISR Uranium Production About to CommenceBusiness SummaryUranerz Energy Corporation is a U.S. mining company focused on near term commercial in-situ recovery ("ISR") uranium production and is currently constructing its first ISR mine in the Powder River Basin of Wyoming. The Uranerz management team has specialized expertise in the ISR uranium mining method, and has a successful track record of licensing, constructing, and operating ISR uranium projects. Uranerz has a processing agreement with Cameco, the world's largest public uranium company and has entered into long-term uranium sales contracts for a portion of its planned production with two of the largest nuclear utilities in the U.S., including Exelon. US Porjects 1. Nichols Ranch: Indicated: 2,949,546 lbs (0.114%) 2. Hank: M&I: 2,236,050 lbs (0.123%) / Inferred: 246,753 lbs (0.087%) 3. Jane Dough: M&I: 2,735,432 lbs (0.108%) / Inferred: 240,246 lbs (0.081%) 4. Reno Creek: M&I: 4,292,948 lbs (0.056%) / Inferred: 142,167 lbs (0.039%) 5. West North-Butte: M&I: 2,837,015 lbs (0.153%) / Inferred: 2,681,928 lbs (0.120%) · Nichols Ranch: all permits necessary for uranium production at the ISR Uranium Project · Plant construction and initial wellfield nearing completion · Control a large strategic land position in the Powder River Basin, WY which is the largest uranium producing region in the U.S. · Continuing to expand resource base through drilling and/or acquisitions · Signed toll processing agreement with Cameco · Signed long-term off-take agreements with two major U.S.-based nuclear operators, including Exelon WHY NUCLEAR ENERGY?
The investment Policy of the Timeless Uranium Fund The Fund Company will attempt to achieve maintenance of value and capital growth through the adoption of the following investment policy:
Furthermore, if circumstances and market conditions so dictate, the Fund reserves the right to hold up to 50% of its assets in cash, provided, however, that no more than 10% of the assets of the Fund shall be kept on deposit with any one body. This limit may be increased to 30% in respect of money deposited with a credit institution licensed in Malta or in any other EEA State, or with any other credit institution which has been approved by the MFSA. The Timeless Uranium Fund has not yet been approved by the MFSA. Recent News: Uranerz Announces Third Quarter 2013 Financial Results Casper, Wyoming, November 12, 2013 -- Uranerz Energy Corporation has released its financial results for the quarter ended September 30, 2013 as filed with the United States Securities and Exchange Commission ("SEC") and in Canada with the Canadian securities administrators (on SEDAR). During the nine months ended September 30, 2013, mineral property expenditures totaling $12,762,426 (2012 - $18,117,336) were expensed, including processing facility construction and wellfield expenditures totaling $11,797,330 (2012 - $16,886,003). As of September 30, 2013, the Company has expensed processing facility construction and wellfield expenditures related to its Nichols Ranch ISR Uranium Project totaling $42,831,585 (December 31, 2012 - $31,034,255). Fundamental Considerations Proven record of developing projects through to production· Low-cost uranium production center at Lost Creek
Technical Considerations U3O8 Spot Price (US$/lb, Weekly) and Spot and Term Contract Price (US$/lb, Monthly) Peter Zihlmannwww.pzim.com www.timeless-funds.com Telephone +41 44 268 51 10 CH Mobile +41 79 379 51 57 MT Mobile +356 79 79 00 91 Disclaimer: The author’s objective in writing this article is to invoke an interest on the part of potential investors in this stock to the point where they are encouraged to conduct their own further diligent research. Neither the information, nor the opinions expressed should be construed as a solicitation to buy or sell this stock. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions in the stock. *********************************************************************************** -- Posted Friday, November 29 2013 | Digg This Article | Previous Articles by Guest Authors |
©
UraniumSeek.com, Gold Seek LLC
The content on this site is protected by U.S. and international copyright
laws and is the property of UraniumSeek.com and/or the providers of the
content under license. By "content" we mean any information,
mode of expression, or other materials and services found on UraniumSeek.com.
This includes editorials, news, our writings, graphics, and any and all
other features found on the site. Please contact us for any further information.
Disclaimer
The views contained here may not represent the views of UraniumSeek.com,
its affiliates or advertisers. UraniumSeek.com makes no representation,
warranty or guarantee as to the accuracy or completeness of the information
(including news, editorials, prices, statistics, analyses and the like)
provided through its service. Any copying, reproduction and/or redistribution
of any of the documents, data, content or materials contained on or within
this website, without the express written consent of UraniumSeek.com,
is strictly prohibited. In no event shall UraniumSeek.com or its affiliates
be liable to any person for any decision made or action taken in reliance
upon the information provided herein.