Well, for me this is one of the few stocks I own that it providing me with steady capital growth plus a solid ROI. I mainly invest in companies that offer high capital growth and most don't have earnings - like Fe and Au explorers and junior producers. Take GIR as an example - an iron explorer with an MC of about 600 M right now and no earnings.
MIN has several profitable and growing revenue streams from mining services. In recent times they acquired Polaris and most of Mesa Minerals and are building a presence in the production of Mn, Fe and Li. Quite a different business mix.
For the record:
"A normalised revenue of 62 million isnt great"
Revenue was 322.5 M with Net Profit (after Tax) of 62.5 M. If MIN keeps growing their revenue, profit and dividend as they have been in the past 2 years, your return on investment and capital growth will be pretty good. I know mine already is.
Cheers
VJB
MIN Price at posting:
$12.80 Sentiment: Hold Disclosure: Held
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