WOW...I can sense a tremendous amount of frustration on various HC forums that reminds me of the time just after the collapse in mining stocks in 2008. Could we be seeing the history repeat where mining stocks are nearly back at GFC crash levels.
" the market is more on your side today than in 2008: • China’s growing at a chunky 7.7%, compared to 6.2%. • The US economy is at a modest growth rate of +1.7% but compare that to the -4.6% back in the GFC. • Iron ore is $140/tonne compared to $60 back then. • Copper is $7,000/tonnes compared to $3,000."
I think the latter half of 2013 will see patience in mining stocks rewarded BIG TIME and Lynas will be leading the way as a HIGH QUALITY RE producer outside China and will have customers lining up to buy from it....in fact in 2014 there will be discussion of building another LAMP to cater for the extra demand IMHO...CHEERS :))
LYC Price at posting:
48.2¢ Sentiment: LT Buy Disclosure: Held
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