blao, im with you
sentiment is turning back to iron ore as an investment commodity.
china has not crashed but has announced economic expansions.
the major ore producers have pulled back on expansion plans.
no new ore miners have been able to get of the ground.
the oz $ is down and going down.
japan is moving forward.
usa is in recovery.
the iron ore price is stable.
chinese miners are unviable.
if gbg can achieve its nameplate, it will be rated at a pe of 10 which is achievable imo given its earnings potential and the quality of its project.
a $1 sp will only be a starting point.
blao, im with yousentiment is turning back to iron ore as an...
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