Jerry, The US debt is actually $5.4 bn, not $5.1 bn. The debt in itself and or debt to market cap is not an issue. It is the ability of the future free cash flow to service the debt and create shareholder value that is important.
For example, DBI is my biggest holidng; i bought it 2.5 years ago at $2.30, it is now $4.10, and paid an 8 % per year yield along the way, 39% per annum return. The debt is twice as much as the equity. Debt $1.8 bn, equity $1.2 bn.
On my calcs, at the current share price the MINs P/E is 4.4 at Iron Ore 100, or 5.2 with Iron ore at 90, with 0 for Lithium and Gas.
Do you have anything else other than repeating your point on what the number debt is (all be it not quoting the most recent number at the quarterly). We all know what the debt number is, and what the debt to equity is.
MIN Price at posting:
$23.87 Sentiment: Buy Disclosure: Held
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