Mineral Resources (ASX:MIN) Halts Lucky Bay Project, Is The Stock Fully Valued?

Simply Wall St.07-04 13:30

Mineral Resources (ASX:MIN) recently halted its Lucky Bay garnet project and booked a non-cash impairment of about A$40 million. This move coincided with a wider share price reaction tied to lithium ...

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This move coincided with a wider share price reaction tied to lithium ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-min/mineral-resources-shares/news/mineral-resources-asxmin-halts-lucky-bay-project-is-the-stoc\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mineral Resources (ASX:MIN) Halts Lucky Bay Project, Is The Stock Fully Valued?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMineral Resources (ASX:MIN) Halts Lucky Bay Project, Is The Stock Fully Valued?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-04 13:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/materials/asx-min/mineral-resources-shares/news/mineral-resources-asxmin-halts-lucky-bay-project-is-the-stoc><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mineral Resources (ASX:MIN) recently halted its Lucky Bay garnet project and booked a non-cash impairment of about A$40 million. This move coincided with a wider share price reaction tied to lithium ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-min/mineral-resources-shares/news/mineral-resources-asxmin-halts-lucky-bay-project-is-the-stoc\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MIN","symbol_name":"MFS Intermediate Income Trust","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-min/mineral-resources-shares/news/mineral-resources-asxmin-halts-lucky-bay-project-is-the-stoc","article_id":"2648696465","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2052000-choice2-main-header/1585186553865"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/materials/asx-min/mineral-resources-shares/news/mineral-resources-asxmin-halts-lucky-bay-project-is-the-stoc","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648696465","pubTimestamp":1783143007,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Mineral Resources (ASX:MIN) recently halted its Lucky Bay garnet project and booked a non-cash impairment of about A$40 million. This move coincided with a wider share price reaction tied to lithium market concerns.\nSee our latest analysis for Mineral Resources.\nAt a share price of A$65.07, Mineral Resources has seen short term share price momentum soften, with a 30 day share price return down 10.67%. This comes even as the 90 day share price return of 23.52% and 1 year total shareholder...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"MIN":"MFS Intermediate Income Trust","BK7504":"锂钴概念","BK7507":"资源股","MIN.AU":"MINERAL RESOURCES LTD","BK7095":"多种金属与采矿"},"translate_title":"Mineral Resources(ASX：MIN)停止Lucky Bay项目，该股估值是否充分？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MIN.AU":1.5,"MIN":1.5},"content_text":"Mineral Resources (ASX:MIN) recently halted its Lucky Bay garnet project and booked a non-cash impairment of about A$40 million. This move coincided with a wider share price reaction tied to lithium market concerns. See our latest analysis for Mineral Resources. At a share price of A$65.07, Mineral Resources has seen short term share price momentum soften, with a 30 day share price return down 10.67%. This comes even as the 90 day share price return of 23.52% and 1 year total shareholder return of 160.70% point to a much stronger recent run that markets are now reassessing in light of lithium and project related headlines. If the reaction to Mineral Resources has you reassessing the wider materials space, it could be a good moment to see what else is moving through the 30 best rare earth metal stocks. So with Mineral Resources still trading below one valuation estimate and recent gains now cooling, should you see today’s price as a genuine opportunity or is the market already pricing in most of the future growth story? AdvertisementMost Popular Narrative: 5.6% Undervalued Mineral Resources is trading at A$65.07 against a widely followed fair value narrative of A$68.90. This frames the current pullback as a relatively modest discount.  The successful ramp-up and scale-up of the Onslow Iron project, with guidance to exceed nameplate capacity (~35Mtpa) and minimal additional capital outlay, positions the company to benefit from sustained global urbanisation and industrialisation which are expected to uphold long-term iron ore demand and support future revenue and EBITDA growth.  Read the complete narrative. Want to understand why this valuation leans on higher future margins and steady revenue growth, plus a premium P/E multiple that outpaces the wider sector? The full narrative lays out the earnings path, the assumed profitability lift, and the pricing power baked into that A$68.90 figure. Result: Fair Value of A$68.90 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the bullish Mineral Resources narrative still depends on successful project execution and manageable debt. Weaker lithium and iron ore prices could quickly pressure those assumptions. Find out about the key risks to this Mineral Resources narrative. Another View: Mineral Resources Looks Expensive On Earnings While one valuation narrative for Mineral Resources leans on a modest 5.6% discount to fair value, the P/E picture tells a tougher story. At 32x earnings versus a fair ratio of 15.3x, an industry average of 11.6x and a peer average of 28x, the stock screens as expensive and raises clear valuation risk. Is the growth case strong enough to justify that premium? See what the numbers say about this price — find out in our valuation breakdown. ASX:MIN P/E Ratio as at Jul 2026Next Steps Reading this mixed picture around Mineral Resources and its latest moves, it makes sense to check the underlying data and form your own view quickly. Then weigh both sides of the story with the 3 key rewards and 3 important warning signs. Looking for more investment ideas beyond Mineral Resources? If Mineral Resources has sharpened your focus, do not stop here. Use the Simply Wall St screener to quickly surface other stocks that fit your style.  Target more potential upside by scanning for companies that combine quality with attractive pricing through the 12 high quality undervalued stocks. Strengthen your income stream by reviewing stocks that have paid-out focused profiles using the 6 dividend fortresses. Prioritise resilience by checking companies with sturdier balance sheets and fundamentals through the solid balance sheet and fundamentals stocks screener (20 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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