Sleuth6, some other stock tips. KMN (Kings Mineral). Recent...

Sleuth6, some other stock tips. KMN (Kings Mineral). Recent copper drill at 24%. Amazing. Has an abundance of molybdenum and will soon tell the world they have a huge stash of rhenium. Stockrules will back me on KMN.

Another tip - MGX (Mount Gibson Iron). Recently elevated to the elite class of ASX 100. Has been heavily sold down of late to under $2.60. Recenly secured a 90% increase in ore price. NP of around 50c per share in 08/09 implying a forward PE of around 5.1. Recently announced a likely additional resource at its Koolan Island mine of 100 million tonnes - 64-67% Fe. Merrill has a $5 price target while our buddies at GS have a valuation of $4. Likely to pay a dividend this year but also looking at growth by acquisition. Excellent management team.

Qualifier - only if you have spare $ and are MAE saturated. I'd love to acquire more KMN and MGX but have most of my livelihood in MAE (close to a million, not quite your 2.2M but a fair holding). A few years to 60 (about 14) and hate giving taxman anything.