Mineral Resources: If you own the rock you’re God
About the author:
- Author name:
- By Adrian Prendergast
- Job title:
- Senior Analyst
- Date posted:
- 28 July 2023, 7:30 AM
- Sectors Covered:
- Mining, Energy
- Consensus on Mineral Resources (ASX:MIN) grows increasingly divided, with analysts split in their view on MIN's overarching strategy in lithium. We remain amongst the optimists.
- Relationship with both downstream partners remains strong.
- Firmly wants to stay upstream (“if you own the rock you’re God” according to MD Chris Ellison), cutting its downstream investment plans and focusing on toll treating for next 3-4 years.
- We maintain an Add rating on MIN, with an (login to view) Target Price.
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