Either way the loading volume has increased by double since April 15.6MTpa
they broke the 30MTpa run rate now
So right on target for that 29-31 MTpa rate they called correctly
Market is way way behind the shipping info
Market thinking April figures and a third of the PER of peers. NUTS.
If they achieve a 35MTpa runrate way before August -September as guided they will have to issue a guidance upgrade
This also means the haul road is in good nick and the transhipping is humming
the sales are way above forecasts then.
Also the higher volume shows 2-3 INSTOs are loading up LONG cheapie positions here in MIN, maybe a suitor, AF or Gina
Gina loves IO trucking operations, she turned AGO from $0.45B to $30B in a few years making her Ozs richest person while AF & MIN crazily didnt counterbid.
$4.6B v $46B or $72B MC
was $16B MC May last year
easy choice to make, anyone want in on a potential $6B-$11B MC cash value increase?
raise your hands now all at once.
so 8% less overall but now going 28% more than last month & escalating.
Expect an ASX upgrade by 30 June if this runrate continues.
MIN Price at posting:
$23.71 Sentiment: Buy Disclosure: Held
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