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Mineral Resources (MIN) $40.89

MIN is not a new company to the MM report, we’ve been monitoring it since it started falling aggressively in August and while we didn’t anticipate a more than 40% plunge we remind ourselves of the old adage – “with panic comes opportunity”. MM likes the business from a few simple perspectives:

  • We are fans of Chris Ellison and the management at MIN which is always a great starting point.
  • As we all know iron ore has been smacked over recent months due to very real macro scenarios out of China but resources are cyclical businesses which regularly provide the best opportunities when they look their worst.
  • MIN also has an important lithium string to its bow and although this sector has run hard in 2021 we believe it has further upside into 2022 and beyond.
MM is bullish MIN around $40
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Mineral Resources (MIN)
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