MGX 1.64% 30.0¢ mount gibson iron limited

Nice DB in 2008 and 2015 , long term we could go to 3 bucks...

  1. 11,181 Posts.
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    Nice DB in 2008 and 2015 , long term we could go to 3 bucks especially if we have a commodity boom (that nobody is expecting) Commodities are very cheap on a  long term basis to the S & P . If I was a fund manager, I will increase my weighting towards commodities and iron ore is leading. Another possibility Imagine if Vale has to close more mines 
    If you had bought it in 2008 and sold it 2 years later it was a 10 bagger
 
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