MIN 3.47% $53.67 mineral resources limited

Don't waste your time arguing with these guys.Has anything...

  1. 600 Posts.
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    Don't waste your time arguing with these guys.

    Has anything changed? Nothing whatsoever.

    Does Min need a miracle to have 3B cash flow in 2-3 years? N, eveything is locked.
    Onslow is on track (2B at spot prices and profitable almost under any scenario).
    Mining service growth (to triple to 1.5 B) is guaranteed by contracts.

    Comaring annuity-like gains of the crushing business and Maggelan (with falling fum) shows the acumen of the comparer. Market may be concerned about Lithium. Min can easily write off the lithium business and still double its market cap.

    Worst case: Iron ore dros to the oroximity of marginal cost of productiin. Still not much downside when mining services delivers 1.5 B if ebitda in a few years.
 
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