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Long-term investors see value in iron ore stocks

Posted on 16 July 2013

The slump in the price of some of Australia’s best known mining stocks caused by lower prices and expectations of iron ore have led some to believe that now is the time to buy.
Justin Smirk, a senior analyst at Westpac says “it is a longer-term development story unfolding” and believes mining stocks are relatively cheap to buy. Since the New Year, shares in Rio Tinto (ASX: RIO), BHP (ASX: BHP) and Fortescue (ASX: FMG) have dropped 17%, 11% and 25.5% respectively………………………………………..Full Article: Source


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