BHP:, page-3

BHP was $14 in 2016, I bought it when it bounced off the bottom at around $21 around September that year. The drop to $14 in 2016 was related to crash in Chinese sharemarket and massive drops across commodities market. Oil was $26 barrell, iron ore around $40. Other miners hit the bottom at that time as well. I remember FMG down to $1.60 in a few sessions - too bad I didn't have money to buy it back then. Santos was $2.50, Oil Search $6.20, Necrest Mining just below $13 and on its way to recovery from it's bottom below $7.50 in December 2013.

Since that drop commodities have been on the way up and all the mining and energy provided long term returns. BHP is less volatile than the rest, hence more difficult to make a short term profit out of them. FMG or STO are a lot more volatile whereas BHP is great for long term investors. BHP in the past managed to reach over $40 a share when commodities topped during GFC so expecting $36 - $38 a share within next few months is not unreasonable given the company is a multi commodity miner and both iron ore and oil combined with copper and a few more resources drive its price.