Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Iron Ore and Dry Bulk Freight, Mint Finance

Umang Agrawal

Iron Ore and Dry Bulk Freight

Equity Bottom-Up

<ul>
<li>Fenix is approaching its first million-tonne quarter, with a fully cash-funded ramp-up targeting 6 MTPA by FY28 under a disciplined capital plan.</li>
<li>Near term value is concentrated at Weld Range, while Jack Hills provides step-change optionality; Simandou is viewed as a manageable, priced-in risk.</li>
<li>W10 approvals represent the key execution risk, while labour, logistics, port capacity, and fleet availability are not considered binding constraints.</li>
</ul>


Fenix is approaching its first million-tonne quarter, with a fully cash-funded ramp-up targeting 6 MTPA by FY28 under a disciplined capital plan.
Near term value is concentrated at Weld Range, while Jack Hills provides step-change optionality; Simandou is viewed as a manageable, priced-in risk.
W10 approvals represent the key execution risk, while labour, logistics, port capacity, and fleet availability are not considered binding constraints.


Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?

Fenix Resources

Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?