MIN mineral resources limited

What is clear to me, and it will gradually become clear to the...

  1. 927 Posts.
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    What is clear to me, and it will gradually become clear to the market, is this system has a lot greater capacity than 35 m t pa.

    They are doing that rate at the moment with:
    - only 4 transhippers working full time, and Peak basically taking holidays 2/3 rds of the time.
    - 1/2 the haul road under repair with a speed restriction of 45 km per hour;
    - may be around 100 triple trucks operating, where they have a full complement of 140;
    - 2 more transhippers coming , first one in June next year.

    I think over the next year or two we will see a quite simple expansion of Onslow to 50 to 60 m t pa.

    Just so much upside!
 
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Last
$23.90
Change
0.200(0.84%)
Mkt cap ! $4.696B
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$24.10 $24.47 $22.76 $80.81M 3.398M

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