Sector Expert: Philip Richards

RAB Capital Limited

Image: Philip Richards

Philip Richards is the founder and president of RAB Capital Limited, having co-founded the company with Michael Alen-Buckley in 1999. He is the investment manager for the RAB Special Situations Fund. Prior to joining RAB, Richards was a managing director of European research and later managing director of investment banking at Merrill Lynch. Richards holds a Bachelor of Arts Honours from Oxford University (Corpus Christi College) in philosophy, politics and economics.



Recent Interviews

RAB's Philip Richards: Why a Gradual Bull Market in Metals Is on Its Way (11/23/15)
shadowstat

After five trying years, RAB Capital Founder and President Philip Richards sees the light at the end of the tunnel. In this interview with The Gold Report, he argues that a continued zero-interest-rate policy from the Fed will be good for gold and silver, while continued quantitative easing will be good for base metals. Many fine mining companies now trade at deep discounts relative to their NPVs, and Richards suggests a half-dozen poised to take off once the new bull market finds its legs.

Why Goldman Sachs Is Wrong About Commodity Prices: Philip Richards (3/17/15)
Bull and Bear

Goldman Sachs delivered a dire commodities outlook earlier this year, but RAB Capital Founder Philip Richards still sees compelling buying opportunities. In this interview with The Mining Report, Richards discusses his outlook for oil, gold, vanadium, zinc and nickel, and profiles companies with projects that will see the light of day even in harsh price environments. A few of these names have doubled in stock value in recent months, and still others look poised to deliver multiple returns on investment.

Less Correlation Among Commodities Demands More Careful Selection: Philip Richards (6/16/14)

Commodities from coal to gold once traded in close correlation, but today the graph looks helter-skelter. This means Philip Richards of RAB Capital has had to think on his feet when choosing names for his company's Special Situations Fund. In this interview with The Gold Report, Richards explains how commodities markets have changed in recent years, and he lists companies of interest in the gold, silver, nickel, vanadium, zinc and oil and gas sectors.

Recent Quotes

"LGO continues to ramp up production successfully at its Maracas vanadium mine in Brazil."

The Gold Report Interview with Philip Richards (11/23/15)
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"NG has $130M in cash to advance its Donlin gold project in Alaska."

The Gold Report Interview with Philip Richards (11/23/15)
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"Our favorite in the zinc space is TV."

The Gold Report Interview with Philip Richards (11/23/15)
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"VIT's Eagle has reasonably robust economics."

The Gold Report Interview with Philip Richards (11/23/15)
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"LGO has come into production."

The Mining Report Interview with Philip Richards (3/17/15)
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"TV has a lot more upside from here."

The Mining Report Interview with Philip Richards (3/17/15)
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"VIT's Eagle project does not require a very high gold price to be economic."

The Mining Report Interview with Philip Richards (3/17/15)
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"RNX's Dumont is one of the top three undeveloped nickel sulfide deposits in the world."

The Gold Report Interview with Philip Richards (6/16/14)
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"Both of TV's projects are commercially viable."

The Gold Report Interview with Philip Richards (6/16/14)
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"LGO should be generating $100M in annual cash flow by 2016, which makes it extremely cheap right now."

The Gold Report Interview with Philip Richards (6/16/14)
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"VIT's Dublin Gulch area could easily hold in excess of 10 Moz gold."

The Gold Report Interview with Philip Richards (6/16/14)
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