GDP Play Standout stocks in 2011 will be those most leveraged to the BRIC (Brazil, Russia, India & China) economies, says Simpson. These nations are exhibiting stronger GDP growth than developed nations, and Aussie miners and mining services stocks will benefit. ?Our overall outlook for mine volumes remains positive. In particular, [we forecast] bulk commodities with met coal and iron ore to increase 22.3 per cent and 19.8 per cent respectively in full year 2010,? says Simpson.
With China and India driving demand for thermal and coking coal, Simpson?s favourite coal stock is Riversdale (RIV), which is developing a new coking province in Mozambique.
but we already knew that didn't we...?
Gisy
RIV Price at posting:
$12.12 Sentiment: Buy Disclosure: Held
