I wanted to recommend this to a few friends and crunched some numbers again. It is unbelivable how underpriced MIN is. On conservative assumptions I get 8 B of value for iron ore; 9 B for mining service (a lot of upside here); 6 B for lithium; and 3 B for energy.
On Bearish scenario, this should be worth around 26 B (bullish around 40 B). Basically, you are paying for mining services (which is growing a lot this year with onslow) or Iron ore alone. One of the two is written off alongside the lithium business (capacity and hub), and energy. How can a large cap be this mispriced.
Increased my position by 10% and currently thinking of doubling it.
I wanted to recommend this to a few friends and crunched some...
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Last
$62.37 |
Change
-0.740(1.17%) |
Mkt cap ! $12.22B | |||
| Open | High | Low | Value | Volume |
| $63.00 | $63.12 | $62.33 | $40.76M | 651.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $62.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.49 | 1723 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$62.48 |
Change
-0.740 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $62.90 | $63.11 | $62.34 | 38791 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MIN (ASX) Chart |