but if you add in the 31Mtpa-35mtpa (June to Sept run rates) and its margins instead of the prior Q3 figures, the forward PER goes less to around 3.10
forward & current PE is irrelevant now imho
Its a toy played like a fiddle by the INSTOs and SHORTS now, up and down daily 100c 200c, make gains and margins and stuff the logic or fundamentals
shorts show up talking debt, ethics and road issues
bulls show up talking of the shipping sales and recovery
Wouldnt be surprised if we have Jim Chanos and the poisonous US bondholders in here.
Theyve destroyed many aussie miners
They tried to destroy FMG also in 2008 and 2013 using their bonds and they did destroy AGO ANL MBN.
MIN has cash liquidity booming revenues, boosted shipping volumes plus infrastructure but so did the others.
AGO had 5 mines and high cost trucking model but also bonds only $400M worth though
toss a coin what happens tmrw and next few days,
all one can do is watch the big boys run the lines however they want to.
MIN Price at posting:
$22.45 Sentiment: None Disclosure: Not Held
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