MIN is the 4th most discussed stock on HC today
congrats to us posters & readers.
Ganfeng makes around 800% profit margin on the refined products imho
And exports are in same timezone on existing shipping lanes from reliable suppliers
MIN makes large profit on the services
its a WIN WIN
yet the dufus media don't mention any of these category 2 profits & benefits
they label it loss making & "shun mothballing" a double negative
they could pump in $300M each and still be way up on it
BHP is losing money on Nickelwest last 2 years but still producing and selling
Why? because tesla & the chinese are paying premiums and desperate for the concentrate due to global shortages so they do side deals for other products at way larger premiums.
China is desperate for IO Li Ni Al Cu as it has none yet mass manufactures with these products using imports.
MIN reminds me of volatile FMG in 2008 after its massive runup of 30,000% and then 600% drop down in the GFC with its junk bonds exceeding its MCap then also and its CEO abused in the media and pursued by ASIC, yet its revenue, growth & infrastructure were large & the potential was 10 fold and this too was oversold & heavily shorted at the time.
FMGs potential was eventually realised by stable strong willed management & the unstoppable CEO who stuck through the drama and pain and came through with larger revenues production and massive divys eventually reducing debt and booming revenue and slashing costs.
MIN can increase Onslow production & infrastructure and has created a viable and essential brand new IO HUB in Oz.
They can then slash costs, reduce debts, pay divvys and make hay imho.
Long term, I see the same trajectory for MIN here.
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