I think MIN is transitioning from an Iron ore miner to a Lithium Miner while keeping the Mine servicing and operating part of the business current and considering other opportunities as they arise e.g. Gas.
Lithium pricing is in the doldrums at present with an oversupply not expected end before 2024 after that demand is tipped to explode.
Min is certainly heading for the $100 SP BUT...... the question is how long it takes to get there.
If the world escapes a prolonged recession and a world war, though a world war may be what gets us all out of a prolonged recession, not a preferable outcome at all.
And if China gets its act together and if.......
Really who knows when MIN will reach the magic $100 SP certainly not me but I'm not selling as I'm confident it will be sometime in the next few, say 2 to 5 years.
I hope it's a lot sooner
$100 share price, page-155
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$33.53 |
Change
-1.780(5.04%) |
Mkt cap ! $6.589B | |||
| Open | High | Low | Value | Volume |
| $34.62 | $34.99 | $33.36 | $99.83M | 2.953M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 238 | $33.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.61 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |