I suspect purchasing a business which is producing low quality ores is not seen by the market as very astute. BHP and RIO have positioned themselves to produce high grade ores, which gives them an advantage when it comes to sales.
Perhaps the market is under estimating MIN's ability to use these low grade orders and take advantage of other synergies.
Only time will tell if it is a good decision.
I suspect purchasing a business which is producing low quality...
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