Just in case Ppl get flat like the current soft action in the...

Just in case Ppl get flat like the current soft action in the market thought some upside news is ahead for MIN. Company has reported ONSLOW is on target to commence operations mid year, and best news is it is on budget. As it builds I would not be surprised if he sells a stake to reduce any risk and recycles proceeds into other growth or acquisitions. It is his modus operandi and is one of the outstanding reasons they never tap shareholders in Capital Raises which can dilute value. Typical cost control from MIN. Historical commentary from investment managers including Blackwattle Partners & Airlie Funds, amongst others, include.a myriad of factors that support the continued upside over next 12 months.

In their Mining Services MINs Nextgen crushers can be built at less than 25% of traditional crushers & require 50% less manpower. Ellison is big on efficient use of capital.

MIN have now custom-built transhippers to operate in shallower water negating need for expensive ongoing deep water port access. No wonder the Mining services EBIT has grown from $56m in 2009 to $280m in 2023 with return on assets of 20%. They have rejected major external contracts to concentrate on their own.

Lithium has soured last 6 months but Mt Marion & Wodgina have 10 year & 39 year mine lives with scope to increase reserves. As prices are predicted to rebound these guys are in a great position to capitalise.

Anyway, back to Onslow Project and to quote Blackwattle Partners - “evidently the current share price is not ascribing full value of the Onslow Project. If history is a guide, a partial sell down of these assets could be the catalyst for a higher valuation”

looking forward 12 months - not reading too much into the current market, except it looks like opportunity but AIMO.