I find it rather unusual that a company the size of Mineral Resources (MIN) which currently has a market cap. of over $2 billion, would be satisfied with the current form of their investment in Mt Marion. As things stand, MIN are committed to funding project development AND operation for a mere 30% stake. This scheme of arrangement does not fit the profile of a company like MIN. Surely they will be seeking a larger piece of the pie in the future. Am I missing something?
NMT Price at posting:
39.7¢ Sentiment: Buy Disclosure: Held
