MIN is seen as tied to iron ore cause that's where most of their money comes from... Until there is a clearer timeline of Wodgina restarting and Kemerton completion, the market will continue to treat MIN as a high cost iron ore producer. I think it could unlock value for MIN shareholders if the lithium business was spun out. Not sure where the synergies are with the iron ore side. The lithium part should command a higher multiple. I would be much more interested in just the lithium assets. Apparently Kemerton is due for completion by the end of this year. Will be only the second lithium hydroxide refinery in Australia. Wodgina has a massive resource base although not the highest grade. Can't seem to find much info on when it is going to restart. MIN is starting to look interesting down here but if iron ore keeps going down so will MIN
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