At current levels MIM has to be a strong long term buy
In 6 yrs time coal output will be doubled to around 38 million tonnes when the new underground mine at the Newlands is operational and when the expansion of the open pit at Rolleston takes place.
A large lift in copper reserves at Mt Isa was announced in the latest quarterly report.
Conservative valuation of MIM is around $1.60 a share.
Given the resource cycle trend beginning a new protracted up cycle (see August Shares Magazine) MIM has to be a low risk standout long term buy.
And there is always that takeover possibility. (watch out for a possible RIO bid)
Cheers, X
- Forums
- ASX - By Stock
- MIM - a safe long term buy
MIM - a safe long term buy
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non-Executive Director
Simon Kidston
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online