FMG yes, which trades at a P/E of 5.5 based on extrapolated profits of HY ended Dec 24 and pretty much no net debt
Not MIN, which is at P/E of about 24 based on profits of same period (underlying profit). Pilbara is high cost and yilgara even higher, then there’s rehab costs.
MIN has also been violently hit by the lithium collapse and has a significant debt
the min SP has recovered due to an uptick in LC futures but spod still sits at multi year lows. Actually the 3-4% spid price collapsed today according to SMM. One of their mines produces grades slightly above this.
good luck
$100 share price, page-439
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Last
$46.38 |
Change
0.380(0.83%) |
Mkt cap ! $9.114B | |||
| Open | High | Low | Value | Volume |
| $46.32 | $48.38 | $46.12 | $79.21M | 1.684M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5068 | $46.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $46.45 | 3000 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |