MIN 3.58% $53.92 mineral resources limited

given weak iron ore, this is already fully priced in for me. I...

  1. 4,178 Posts.
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    given weak iron ore, this is already fully priced in for me. I don't see how a restart in third quarter 2022 does that much for the earnings if iron ore is below cost for min. They aren't even getting all the money from it, just a share and that's only if the JV doesn't moth ball it again. Still patiently waiting for $25-30 since the peak at $70+, so yes I'm bearish on valuation basis but still think it's an excellent company.
 
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2 2257 $53.92
 

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