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Best Buys Mount Gibson Iron Limited (ASX:MGX), Iron Road Limited (ASX:IRD), Apollo Minerals Limited. (ASX:AON)

China iron ore added $US3.30 to $US135.50 a metric tonne, Gold added 0.4% to $US1669.30 an ounce

S&P 500 lost 0.7% to 1,436.67
Dow Jones Indus Avg lost 0.74% to 13251.97
Nasdaq composite lost 0.33% to 3044.36
Copper was down 1.2 per cent at $US7,925 a metric ton.

Copper and Iron Ore Miners look like good buying today in Australia.

Early this month we upgraded our Iron Ore outlook based on increasing demand from Asia.

Mount Gibson Iron Limited (ASX:MGX)

Mount Gibson Iron Limited (Mount Gibson) is engaged in mining of hematite deposits at Tallering Peak; mining of hematite deposits at Koolan Island; mining of hematite deposits at Extension Hill, and exploration and development of hematite deposits at Koolan Island and in the Mid-West region of Western Australia. The Koolan Island iron ore mine is located on Koolan Island located in the Buccaneer Archipelago of Yampi Sound in Western Australia. The Extension Hill hematite mine is located in the Mount Gibson Ranges, 85 kilometres east of Perenjori and 260 kilometres east south east of Geraldton. The Company’s subsidiaries include Mount Gibson Mining Limited, Geraldton Bulk Handling Pty Ltd, Aztec Resources Limited, Koolan Iron Ore Pty Ltd, Koolan Shipping Pty Ltd and Brockman Minerals Pty Ltd.

Iron Road Limited (ASX:IRD)

Iron Road Limited is an Australia-based company engaged in the exploration and evaluation of its iron ore ground holdings. The Company owns 100% interest in the Central Eyre Iron Project, which is located on the Eyre Peninsula of South Australia (SA) and is a collection of three iron occurrences (Warramboo, Kopi & Hambidge). Prefeasibility studies at the project have shown that a 12.4 million ton per annum iron concentrate operation is viable with competitive operating and capital costs. The Company also has an earning up to 90% in the Gawler Iron Project, which is located 25 kilometers north of the Trans Australian Railway and within 100 kilometers of the central Australia Railway in SA. In addition, it has a convergent earning up to 75% in the Windarling Peak Project, which is located approximately 85 kilometers north of Koolyanobbing, Western Australia.

Apollo Minerals Limited. (ASX:AON)

Apollo Minerals Limited is an Australia-based mineral exploration company. The Company wholly owns the Commonwealth Hill project in South Australia. The project tenements lie within the Defence Infrequent Zone (Green Zone) as are the Prominent Hill (iron, copper, silver) and Cairn Hill (iron, copper) mines and the soon to be commissioned Peculiar Knob (iron) mine. It also holds 100% interest in the Mount Oscar Magnetite Project, Western Australia, through the exploration rights of tenements E47/1378, E47/1379 and E47/1304, which cover an area of 273 square kilometers and are located within the West Pilbara region and approximately 35 kilometers from the coast. In addition, the Company holds 100% interest in the Mount Oscar East, Western Australia, on which it has an exploration target of 50-150 metric tons of magnetite at 30-37% iron (Fe).