I wanted to sell it with noce profit but i am not looking into any short term profit here...
Its cashed up for any worst with last cap raising...
Was $87 iron ore price but it was not a producer at that time..its a producer now at $150 iron ore price and thats all important...
With Todays iron ore price it will have have 600m revenue...
This has long way to go up and its already headed for that direction...
Analysts will re rate this as soon as they cover their shorts...imo this is outperform the market and will get to 60 cents in no time...60 cents might sound high but fundamentals says even that price is very much lower at current iron ore price...safest stock in my portfolio now...
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