MIN 0.27% $75.10 mineral resources limited

For the fellow disappointed I suggest an interesting and also...

  1. 1,424 Posts.
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    For the fellow disappointed I suggest an interesting and also positive proposition. If the share price in 12 months is tangibly higher, say $75 or more, would our disappointment with current dividend and static SP turn to praise. The $75 is a conservative estimate, having read and hold historic (past 6 months) of professional commentaries from respected Fundies who forecast more ambitious value for MIN, based on assumptions of consensus rebound in Lithium prices along with IO Prices remaining at current levels.

    As existing IO Operations are currently 30% of revenues, and little future value ascribed to the new low cost and highly cash generative ONSLOW starting June/July there is good reason to see momentum return after a strong period of capital investment. (and recently announced low Dividend payout a short term legacy only).

    DYOR - Taking a positive, but non-hype view, realistically we could reasonably expect a return to much higher value. At say $75 that represents a circa 25% increase in say 12 months.

    AIMO but this price could well be conservative. That would leave any NWE soreness to history. Prefer good research and critical thinking over remorse. Food for thought
    Last edited by colgm: 24/02/24
 
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