A share with a 14% dividend yield and a 2x Price / Earnings Ratio

Almost 40% drop in 5 weeks for a mining stock of this caliber seems excessive.

This idea is high risk due to the regulatory changes that China has made recently and also because of the risk of an eventual "crash" in the market, as I have commented in the "Market Notes" section in recent months. However, at 2x PER, with a dividend yield of 14% and with an iron price that has fallen 50% app in a few months, it is worth looking at.

In addition, Invercap (controlling company), announced 2 weeks ago that it would buy up to USD25mm paying up to Ch$9,500 until November 30th. They, as part of the controlling pact, should have better information than an average shareholder. Although the purchase order only represents 1.4% of Cap's market cap, it is a sign that, at least for Invercap, is cheap.

Note: This is not an investment recommendation or suggestion, we only share our ideas of the assets that we find interesting to look at. You should consult with your Investment Advisor before making any purchase or sale decision. The result of the purchase of any of the instruments mentioned in these notes is 100% your responsibility, whether profit or loss.