The Motley Fool chats with fund managers so that you can get an...

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In part II of this edition, Katana Asset Management’s co-founder Romano Sala Tenna, reveals the ASX shares poised for outperformance in 2022.



MF: You also mentioned nickel and copper. Do any ASX shares stand out in that space?
RST: The nickel space is very hard to play. We have some limited exposure through IGO Ltd (ASX: IGO) and Western Areas Ltd (ASX: WSA). But not with any particular conviction.
As for copper, there are really 4 listed copper players on the ASX. We’ve chosen to play it through Oz Minerals Ltd (ASX: OZL) and Aeris Resources Ltd (ASX: AIS).
Oz Minerals is probably the tier-1, dedicated copper asset in the Australian landscape. And Aeris, on a valuation basis, is on 3.5 to 4 times earnings. Aeris also has some very good hits coming out of its Constellation deposit. We think that’s setting them up for an extension in mine life of 10 plus years.