ASX investors overlooking the I/O price.
MinRes realised price (after moisture/discount etc) was $84 last quarter. That number could approach $90 if things keep going the way they are.
While Mr market is busy punishing the stock for CATL's reopening of Jiangxi mine - they are taking the eyes off this key driver of value. At $32 there is no value ascribed to lithium business - no point flogging a dead horse.
If I/O can sustain at these levels for another 4 months - The annual report is going to look lot better.
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Last
$20.69 |
Change
-1.360(6.17%) |
Mkt cap ! $4.065B | |||
| Open | High | Low | Value | Volume |
| $22.00 | $22.00 | $20.53 | $168.3M | 7.775M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28160 | $20.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.74 | 7298 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |