Cheers Aquarius. I'm very confident it will get there. Key is to remember balance sheet management too; i don't make it more than 15% of my portfolio as we could be wrong! And markets can stay irrational longer than we can stay solvent.
The markets some time take ages to re rate these things. With CAT (Catapult) i bought at $1 in 2019, went to $2, then down to 70 c in 2023 where it stayed for 1 year, and now 3 years later at 5.70 and in that time the business has not changed one iota. It has been doing 20% rev growth per year since listing, and will continue that for about the next 5 years. Went from being one of my worst performers, to now one of my best, with 30% per annum return! You just have to stay long and be patient and the mkt eventually catches up.
Mkt's perception of MIns may only change when they do a year of 35 m tonnes and people see the 1 bn of cash roll in to reduce the debt. Who knows?
But its ridiculously cheap IMO, and fundementally misunderstood if it keeps trading in line with Lithium stocks!
MIN Price at posting:
$22.23 Sentiment: Buy Disclosure: Held
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