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3,287 Posts.
93
26/10/10
22:07
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Not all juniors are doing poorly since mining tax.
Our neighbour and mentor, BRM went from a high of $4.05 to a low of maybe $2.40, and now today a record high of $4.22
So I think the chinese and the market in general has already factored potential losses of the mining tax (if it eventuates) and is happy to move on.
If on the off chance the mining tax does not get approved, that will also be a very strong day to be iron ore shareholder.
The way I see it, very little downside from here on in.
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