My view is Mins will be $23 to $25 over next two weeks: 1: The shipping rate was 57 m two days ago and 35 t to 43 m t over the last day, with a smooth cadence with the transhippers 2: the market is not yet onto this higher rate of production that has just occured over the last 3 days 3: Analysts are about to do an Onslow site tour where they will see for themselves the 30 m t production rate; they will factor that into thier models and $2 bn of ebitda per annum over the next two weeks; 4: the 2027 bond continues to recover at 98.38 at the moment, so bond trading with no signs of distress. 5: Shorts are at 13.8% and running out of time to cover before a serious rally in Mins occurs. 6: Lithium mines showing they can breakeven to slightly profitable with Lithium price lows, Wodgina proven itself to be a tier 2 asset, with significant continuing cost decreases to occur.
MIN Price at posting:
$20.87 Sentiment: Buy Disclosure: Held
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