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Commodity forecasts might not be spot-on

Posted on 23 November 2016

If broker UBS is right, yesterday’s virile performance by our blue-chip miners should be only the beginning, with BHP Billiton and pure-play iron ore king Fortescue Metals worth more than double their current value on current commodity prices.
That’s presuming these spot prices continue into perpetuity, which is a convenient assumption indeed. The firm’s resources team regularly compare the implied earnings of the key resources stocks based on commodity spot prices and relative to consensus (and UBS) estimates………………………………………Full Article: Source


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