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Answer
Hi Glenn,
No real change I’m afraid, we recently covered MIN and you can see the opinion at the time on the Mineral Resources company page here
- If we were to buy MIN technically it would be in the $40 region but we still prefer BHP Group (BHP) for iron ore, and diversified resources exposure.
As we said last week, MM is not a fan of the Jumbo Interactive (JIN) model, we think it lends itself to being disrupted easily and their earnings are highly unpredictable. The weakness over the last few weeks simply adds credence to our feelings, it remains a company which is not on MM’s buy radar.