Since Oct 1,this Jr. iron ore miner,Labrador(LIM.TO),dropped from $1.00 down to $0.79,a 52 week low from a yearly high of $7.50!!
Is this a better iron ore play than AYSI at $0.80 pps??
At $0.70 pps??
At $0.60 pps,same as aysi??
Valuation of marginal iron-ore related enterprises are down in the dumps,down more than 90%+ vs 80% for aysi from all time high: Is aysi overvalued vs LIM.TO?? Adjusted for Form 15-12g ,"Indonesia setback," and deteriorating macro,I believe so.
ps-When Gary Schilling recommends 30 year US Treasury,watch out!! 60% chance we are in a DEP#%@@ION now and commodity related stocks are the most vulnerable,as we fallen into "Japanese lost decades"!!