Thanks StonedFish, they ended up getting 6 away yesterday after...

Thanks StonedFish, they ended up getting 6 away yesterday after Airlie left late, equals 43 m t pa average yesterday.
Tables below:
- Minres has averged 36 m t pa over the last 14 days, including 3 high wind days, where wind speeds were above 40 km per hour! - Rate is 34.4 m t pa since June 6, and
- 33.4 m t pa over all of June.


All the data overnight etc is very good:
Iron ore rallied 0.8% to 93.55
BHP up 4% in US, closed 2.2% above the Australian close.

Putting all this data together, MINs trades on a Price to Free cash flow multiple of 3.6 X in FY 26, and 3 X Fy 27, based on current production rates of 36 m t pa.

My trading model predicts MINs will open at $21.90.

My feel is it may well trade a fair bit higher today, as other data is out that is also very bullish. I will provide commentary on that too.

Happy trading in MINs today.

	MinRes Onslow estimated EBITDA per tonne Aus $ (mining + mining services)						30.8
	Date since	Total days	Rate shipped per day tonnes	Total transhipper unloads	Total shipped (tonnes million)	Rate per year(million tonnes)	Free cash flowFY 26 Onslow(FOB AUD 58), $ m
	05-May-25	53	77736	206	4.12	28.4	$875
	11-May-25	47	80426	189	3.78	29.4	$905
	20-May-25	38	82105	156	3.12	30.0	$924
	01-Jun-25	26	91538	119	2.38	33.4	$1,030
	Current	14	98571	69	1.38	36.0	$1,110
	Free cash flow (FCF) estimates (entire business)
		Fy 26	Fy 27	Fy 28	Mkt cap $ m
	FCF $ m	1124	1360	846	4063
	Price/FCF	3.6	3.0	4.8	FCF % of mkt cap (Fy 26 to 28)
					82%
	Unloads by Transhipper since 5 May 2025						Iron Ore price US$
	Airlie	Coolibah	Montebello	Rosily	Peak		$93.55
	47	51	47	50	10.5		Aud Usd
							0.655