the bull

Just reading hits on The Bull and said I'd post here for info

Mount Gibson Iron (MGX) is a junior iron ore miner in Western Australia.  Although subject to the same risks from volatile commodity prices and a Chinese slowdown, their numbers are compelling.  The P/E of 4.50 and a P/EG of .11 are substantially better than the sector averages of 11.43 and .53.  An ROE performance of over 19% and a share price very close to book value per share make them a prime bargain bin candidate.  In addition, note they cut their long term debt more than in half and reduced gearing by approximately 70%.  Although the current dividend yield is modest, analysts forecast the dividend to double in FY2012 and FY2013.  MGX deserves a prime spot in the bargain bin.