What They Do

Mineral Resources Limited (ASX:MIN) is a leading Australian based diversified mining service, contracting, processing and commodities production company. The company has a portfolio of businesses including PIHA, Crushing Services International, Process Minerals International, Polaris Metals and Mesa Minerals. MIN was listed on the ASX in 2006.

Valuation, Financials and Key Points

Figure 1. MyClime Valuation: Mineral Resources Limited (ASX:MIN)

Source: www.myclime.com.au

The above valuation highlights the very strong growth in profit achieved by MIN since their 2006 listing. Profit of $20.2M in 2007 has grown steadily year on year to their most recent $150.5M 2011 profit result. A significant portion of these profits have been retained and reinvested back into the business during this time, and subsequently compounded at quite attractive rates of return.

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