I wouldn’t discount iron ore potentially holding around US$100 for a few years on back of China support. Most analysts have it at sub $US90 in 2026. Rerate on that with higher cashflows.
I do agree otherwise with potash successfully implemented at nameplate plus and or copper spike (I believe this will occur) are the other catalysts.
BHP Price at posting:
$38.98 Sentiment: Buy Disclosure: Held
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