I wanted to recommend this to a few friends and crunched some numbers again. It is unbelivable how underpriced MIN is. On conservative assumptions I get 8 B of value for iron ore; 9 B for mining service (a lot of upside here); 6 B for lithium; and 3 B for energy.
On Bearish scenario, this should be worth around 26 B (bullish around 40 B). Basically, you are paying for mining services (which is growing a lot this year with onslow) or Iron ore alone. One of the two is written off alongside the lithium business (capacity and hub), and energy. How can a large cap be this mispriced.
Increased my position by 10% and currently thinking of doubling it.
I wanted to recommend this to a few friends and crunched some...
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$79.24 |
Change
-0.250(0.31%) |
Mkt cap ! $15.52B | |||
| Open | High | Low | Value | Volume |
| $79.15 | $79.25 | $78.07 | $45.58M | 577.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 431 | $79.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $79.25 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$78.78 |
Change
-0.250 ( 0.66 %) |
||||
| Open | High | Low | Volume | ||
| $79.17 | $79.19 | $78.07 | 37125 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| MIN (ASX) Chart |