Well, for me this is one of the few stocks I own that it providing me with steady capital growth plus a solid ROI. I mainly invest in companies that offer high capital growth and most don't have earnings - like Fe and Au explorers and junior producers. Take GIR as an example - an iron explorer with an MC of about 600 M right now and no earnings.
MIN has several profitable and growing revenue streams from mining services. In recent times they acquired Polaris and most of Mesa Minerals and are building a presence in the production of Mn, Fe and Li. Quite a different business mix.
For the record:
"A normalised revenue of 62 million isnt great"
Revenue was 322.5 M with Net Profit (after Tax) of 62.5 M. If MIN keeps growing their revenue, profit and dividend as they have been in the past 2 years, your return on investment and capital growth will be pretty good. I know mine already is.
Cheers
VJB
mineral resources formidable rise this fin yr, page-4
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Last
$50.65 |
Change
-0.320(0.63%) |
Mkt cap ! $9.973B | |||
| Open | High | Low | Value | Volume |
| $50.96 | $51.15 | $50.43 | $6.293M | 123.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 238 | $50.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.65 | 377 | 5 |
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| Last trade - 11.16am 07/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |