fosters - buy - price target $2.20

Evening all,

Arrived back in the country yesterday and have been checking out all things ioh to get back up to date.

FYI, Fosters have a new report out (Friday) with a revised price target of $2.20. Jump on their website to grab a copy.

"Recommendation:
We reiterate our BUY recommendation and revise our price target to
$2.20/sh previously $1.90/sh. IOH looks compelling buying given the
transition to earnings set for 20yrs and upside to follow with the
completion of FID and financing strategy of Buckland in the coming
quarters."

Also doc and regulars, love this line from the recent Investor Presentation re Buckland -
"Feasibility Study - Average C1 Cash Operating Cost (FOB): A$48.30t."
Buckland will be the cream for ioh. And just imagine if we can land a rail deal.....

And I also love the fact that they are aquiring new tenements.....

All great stuff - oh for a bit of positivity in the world right now. IOH would fly above $1. Regardless, i'll be buying again at these prices - it's just too good an opportunity to miss out on.

Good to be back in AUS. There's no place like home.....

All the best for a sensational 2014 for all holders.

Regards,

Mac


Please DYOR.