Not all mining companies will do well during the coming slowdown. Look for those with recurring earnings, exposure to oil&gas (not coal which is in strife), and gold.
I was fortunate to get DCG at $2.12. feel it is better than many in the sector and has better methodologies producing higher ROE. Compare with MAH which seems unable to make any profits on several contracts for a considerable period. I'm using PE of 5-6.5 to buy the best of the mining sector.
back online on 29/12.
Busy83.... what is Roger's current IV re IMD? I'll take a punt and estimate $2.10.
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