I somewhat agree. If iron ore stays where it is, MIN is way undervalued. Iron ore will drop, the question is when. Maybe in 5 years but I think next year after a vaccine.
I still think even factoring in a price drop of iron ore, it's undervalued but not way undervalued.
Just looking at the ROE, book value, cash flow, P/E, etc. with no real calculations, my thumb in the air valuation with the iron ore risk is $45 (don't take this as any advice, I am a complete amateur). If the price of iron ore were to stay where it is for a long time, hmm, north of $100???
Either way, it's a quality well run company so I will just keep my holding.
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Last
$53.92 |
Change
-2.000(3.58%) |
Mkt cap ! $10.56B |
Open | High | Low | Value | Volume |
$55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2257 | $53.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$54.20 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 53.910 |
3 | 1099 | 53.900 |
1 | 195 | 53.870 |
2 | 1500 | 53.860 |
3 | 298 | 53.850 |
Price($) | Vol. | No. |
---|---|---|
54.200 | 2000 | 1 |
54.220 | 150 | 1 |
54.700 | 137 | 1 |
54.940 | 200 | 1 |
54.980 | 1165 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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LITHIUM UNIVERSE LIMITED
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