I’m bullish on min but your numbers re Onslow are way off. Gross profit of $3 billion from Onslow at full run rate!? MinRes themselves have forecast AUD$1.5 bil ebitda from Onslow at full run rate, assuming a 62% IO price of USD$95 (currently about US$106).
Not sure where you get ongoing gross profit of $3.8 billion per annum with lithium business not factored.
as I’ve posted previously, Onslow and mining services are projected to contribute AUD$2.3 bil ebitda for FY25/26. Not factoring lithium and Pilbara hub.
MIN Price at posting:
$27.00 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
