I think the lithium effect is already built into the current share price. MIN’s exposure is still in its in you fancy and full impact and benefit won’t hit the balance sheet until the hydroxide plant is pumping out $$$$.
I think that if this current share price is based mainly on iron ore then it is grossly overvalued considering the cost of production. Compare to FMG with COP around $13 per tonne. The share price of FMG is going nowhere despite the next dividend likely to be about a 10-12% return.
So, yes, I think Lithium is built in already. ……… but much more to come in future . I just hope it kicks in before Fe ore
has a correction.
Min and Lithium, page-2
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Last
$78.31 |
Change
-0.930(1.17%) |
Mkt cap ! $15.35B | |||
| Open | High | Low | Value | Volume |
| $79.70 | $79.76 | $78.21 | $19.48M | 246.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 171 | $78.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $78.32 | 514 | 8 |
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| Last trade - 14.12pm 22/05/2024 (20 minute delay) ? |
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Last
$78.34 |
Change
-0.930 ( 0.63 %) |
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| Open | High | Low | Volume | ||
| $79.66 | $79.70 | $78.21 | 16625 | ||
| Last updated 14.30pm 22/05/2024 ? | |||||
| MIN (ASX) Chart |