Great points Slanderjack, i agree with this and have concluded the same. $70 US is unlikely, unpleasant, but teh actual core business is fine, as non onslow mining services more than pays the interest costs, Onslow mining services generates an extra $430 million per annum, and the mineCo itself is still profitable. What's you response to this PP?
The other thing PP is i wouldn't rely on most of the analyst stuff, it is just backward looking: tells you what happened, and says on the basis of what happened in the past that same thing will happen in the future, eg typical analyst will say: Mins produced at a rate of 14 m t pa on 3 Q 2025, therefore they will produce at say 15 m to 20 m t pa in Fy 26, when in fact they are currently doing 37 m t pa. So the assumption of a low production rate in Fy 26 is clearly wrong!
Show me the financials with an analyst model that has Min Res producing at 37 m t pa in Fy 26, with a zero effective tax rate for that year because of historical tax losses they can use, and then i'll bother to listen to them.
MIN Price at posting:
$22.59 Sentiment: Buy Disclosure: Held
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