Its Over, page-9087

  1. 23,011 Posts.
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    After spending just 5 min looking at it, I quite like it especially the potash project BUT

    * it has already doubled in less than a month, and I believe this is primarily due to iron ore pricing going through the roof, but I feel iron ore price may have reached peak or near peak. That said, in the very short term, this stock could be a great proxy for iron ore price run due to the royalties it gets (not something in the future but real cashflows) from Mineral Resources

    * market cap is at $341m , may be good prospect in the longer run if potash stacks up, and if BHP is interested in getting into potash, that must say something

    Risk-reward too dependent on iron ore price and IMO not as compelling given the big run thus far, but could be interesting in the longer run, something to look at after some retracement. This is talking not from a trading but an investing perspective.
 
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