Yes, i agree with the basic sentiments here TB. However, i think Mins will concentrate on building Onslow to say a 50 m tonne operation first, autonomous haulage, and may be further improving haul rd quality before restoring any dividend, or may be just a token dividend.
The ROIC on the capital spend to take it from 35 m t to 50 mt pa is probably plus 100%.
I'd be confident 7 transhippers can do 50 m t pa.
My guess is they just need to take the triple haulage trucks to say 200, may be some more mining people and truck excavators at Ken's Bore, and its basically done.
A lot to like about this situation.
MIN Price at posting:
$23.68 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)