Stock price when the opinion was issued
If you believe that the iron price doesn't fall further, then a pretty decent buy here. For those who believe in his natural resource thesis over 5 years, you have to own it. Need to pay attention to the global economy, but especially the Chinese economy.
He's less concerned about 20% fluctuations in the stock price over time, and more concerned about long-term value and the sustainability of the dividend.
(A Top Pick July 27/16. Up 64.41%.) A large producer and a lot of it is iron ore. Still has firmed up and China has relatively firmed up. Sold his holdings.