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  1. Mick C

    Yardney - Don't Invest in Mining Towns

    I have to say Ian, that was a interesting read. As Dazz mentioned- you seem real and call a spade a spade. Regards Michael
  2. Mick C

    Yardney - Don't Invest in Mining Towns

    1. If you can get 90% LVR- you need to have a very strong asset and income base for this sort of leverage - not rent dependent pretty much. So ill say 80% LVR 2. You didn't include a lot of another cost involved - insurance, repairs, land tax etc... Yes either way it will be positive +CF...
  3. Mick C

    Yardney - Don't Invest in Mining Towns

    Agree...even thought some of my mining shares haven't been doing that good lol :p Arron- Thanks for the explanation and pic!!! Regards Michael
  4. Mick C

    Yardney - Don't Invest in Mining Towns

    What do you mean by tails? is it still operational/profitable during the tail period? Regards Michael
  5. Mick C

    Yardney - Don't Invest in Mining Towns

    dont mines have like a 25 years life only??? Regards Michael
  6. Mick C

    Yardney - Don't Invest in Mining Towns

    I agree 100% with Yardney's view on mining towns. Some are willing to take the risk for potential high returns, that's their strategy. Regards Michael
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