Ann: 2021 Financial Year - Half Year Results Presentation, page-2

Great stuff but this is massively overvalued right now....

$1 half year vs roughly $2.31 for FMG

(1 MIN is 1.54 x FMG shares = roughly $2.31 if you swapped to FMG)

given the big gain in the presentation above $400m was iron ore price, why would you hold min and not the much much much higher yielding FMG?

Even if you said min is diversified, the figures will drop back to $400m as soon as iron ore price goes lower along with FMG going down..... so you're not going to miss the drop anyway.

keen to understand how anyone thinks min is a better deal or are you all just sitting without thinking?

I'm a former min holder and I'd like to own it but it's 2x what it should be imo. Convince me I'm wrong