Hi;I'm just wondering, those who are short MINs could you please...

Hi;
I'm just wondering, those who are short MINs could you please write out the arguments?

I genuinely don't understand the rationale; and i want to make sure i understand it as best i can.

The long case to me seems quite simple, iron ore at current pe = 4.5 x, iron ore even at 80 Pe is 6.5 X or a greater than 50% discount to ASX.

And that has zero for gas and lithium, so large upside options there too.

You can do other sensitivities such as FOB onslow 55 long run cost and you still get pe 5.2 X , or 4.2 X whilst carry loan being repaid.

So business case is highly robust to any realistic scenarios.

Thanks

I just want to understand the short thesis as best as possible.