It probably wouldn't matter to MIN if it did sell the rest of the road.
The road is effectively a financial instrument that will be locked into transporting MIN tonnes just as MIN will be locked into paying annual returns on the road. Both parties need each other.
The risk for MIN - presumably - is having to provide returns for the road owners even if the iron ore business is losing money.
True value around $15-$18, page-52
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Last
$35.31 |
Change
0.360(1.03%) |
Mkt cap ! $6.939B | |||
| Open | High | Low | Value | Volume |
| $34.65 | $35.39 | $34.62 | $86.23M | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $35.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.35 | 300 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |