Banks have cautious outlook for miners

DESPITE a 34% share price fall over the past two months titanium minerals and zircon miner Iluka Resources has earned a buy tip from two top-line investment banks in their latest otherwise cautious industry-wide research reports.

Banks have cautious outlook for miners Banks have cautious outlook for miners Banks have cautious outlook for miners Banks have cautious outlook for miners Banks have cautious outlook for miners

Iluka's Gangama processing plant in Sierra Leone

Apart from playing down Iluka's sharp share-price decline what makes the views of Morgan Stanley and Macquarie Bank quite interesting is that the sands miner is one of the few stocks that both banks

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