There are a lot of junior iron ore mines out there to take over - but AQA does have a lot more going for it than many. I don't hold AQA, however the story is looking pretty good from the outside. I thought that the Chinese were looking closer to the coast and their magnetite production of fines? Anyway the story will unfold no matter what I think! For me the whole sector is a long term buy, but if you can snag a junior on its way to full scale production on low share volumes then good luck to you. I have placed my money elsewhere in the sector.
AQA Price at posting:
$5.83 Sentiment: LT Buy Disclosure: Not Held
