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? No, eveything is locked.
1.Onslow is on track (2B at spot prices and profitable almost under any scenario).
2.Mining services growth (to triple to 1.5 B of Ebitda) is guaranteed through 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. But Min can easily write off the lithium business and still double its market cap.
The worst case: Iron ore dros to the proroximity of marginal cost of production. Still not much downside when mining services delivers 1.5 B of ebitda in a few years.
$100 share price, page-258
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$50.99 |
Change
-0.740(1.43%) |
Mkt cap ! $10.02B | |||
| Open | High | Low | Value | Volume |
| $50.86 | $51.23 | $48.80 | $99.49M | 1.974M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 123 | $50.99 |
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| Price($) | Vol. | No. |
|---|---|---|
| $51.00 | 72282 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |