Well, well ,well..... it seems our friends at the silver doughnut are trying real hard for their "friends" whilst looking to deflect on some of their competitors.
Exhibit A
The following is an extract from MacBank's report on MIN's 1HFY20 results released yesterday. It was tucked away on the second page of their report.
View attachment 1987465Despite being concerned about cost pressures at Mt Marion and the C&M of Wodgina, the silver doughnut still rate MIN an "Outperform" with a 12 month price target of $20.30 (currently trading at $17.62). And, comparing MIN's cost guidance on Mt Marion of A$594/t (or circa US$415/t)
on a wet metric basis, they are certainly not in the lowest cost quartile of spod producers.
It seems to me that the marketing machine at MacBank has been working overtime to get investors to favour MIN over other more cost competitive alternatives.
Just pointing out some home truths when it comes to the "marketing of the market".
