Minerals 260 Ltd (MI6) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of Minerals 260 Ltd A$0.48, price A$0.86, upside -43.3%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range A$0.1050 – A$0.9850 · fair‑value band A$0.3655 – A$0.6120 · the A$0.8550 price screens above the A$0.4845 fair value. Dashed = 300-day average. As of Oct 4, 2026.
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Minerals 260 Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for gold, palladium, nickel, copper, and rare earths elements, as well as precious and battery-related metals.
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Minerals 260 Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for gold, palladium, nickel, copper, and rare earths elements, as well as precious and battery-related metals. The company holds 100% interest in the Bullabulling Gold Project located in south-west of Kalgoorlie, Western Australian in the Eastern Goldfields; and the Moora project covering an area of 371 square kilometers located in Julimar Mineral Province, Western Australia. The company was incorporated in 2021 and is based in West Perth, Australia.
Stock analysis
Minerals 260 Ltd (MI6) currently trades at A$0.8550, while our model-based Fair Value estimate is A$0.4845, 43.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$1.45 per share, and 4 of the 9 models we run sit above the A$0.8550 price.
Bear case: the Asset-Based group reads lowest at A$0.1000, and 5 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.3655 (bear) to A$0.6120 (bull), the price of A$0.8550 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Minerals 260 Ltd reported revenue of A$589K in FY2024 versus A$0 in FY2021. Reported net income was A$83.5M in FY2026.
Key figures
Market cap A$2.1B (≈ $1.5B) · P/E ratio 21.4 · EPS (TTM) A$0.0400 · Return on equity 28.5% · Return on assets (EBIT) −108% · Free cash flow −A$61.5M · Net cash A$93.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 229% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −4% fair-value upside, at −43%, MI6 screens richer than that median.
Fair Value models
Bear A$0.3655Fair Value A$0.4845Bull A$0.6120
Price A$0.8550 · Upside -43.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.2/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 94 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Below median
Fair Value upside−44.0% · Below median
Profitability
Return on equity (TTM)28.5% · Top 25%
Return on assets−12.4% · Below median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
P/E (TTM)21.4× · Priciest 25%
P/B4.08× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 100
PAST (return on equity)100· sector 0
HEALTH (low debt)0· sector 99
DIVIDEND (yield)0· sector 62
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Minerals 260 Ltd (MI6) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of A$0.4845 versus a price of A$0.8550, about −43% upside (overvalued).
What is the fair value of MI6?
Our model-based fair value for Minerals 260 Ltd is A$0.4845 (as of Oct 4, 2026), built from audited fundamentals. The current price: A$0.8550.
What is the quality score of MI6?
Minerals 260 Ltd has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Minerals 260 Ltd (MI6)?
Our model-based price target is the fair value of A$0.4845 (as of Oct 4, 2026) from 9 valuation models. Cautious scenario A$0.3655, optimistic scenario A$0.6120. It is a calculation from audited fundamentals, not an analyst target.
What is the Minerals 260 Ltd stock forecast for 2026?
Our models put fair value at A$0.4845, about −43% upside versus a price of A$0.8550 (overvalued). Cautious scenario A$0.3655, optimistic scenario A$0.6120. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Minerals 260 Ltd (MI6)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Minerals 260 Ltd it is A$0.4845 per share (as of Oct 4, 2026), against a price of A$0.8550. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Minerals 260 Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, MI6 trades above its calculated fair value: price A$0.8550, fair value A$0.4845, a gap of about −43% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MI6?
No. The price is what the market pays today (A$0.8550); the fair value is what the company's own numbers justify (A$0.4845). For Minerals 260 Ltd the two are A$0.3705 per share apart. That gap is exactly why we show both numbers side by side.
How much is Minerals 260 Ltd worth?
The market values Minerals 260 Ltd at about A$2.1B (market capitalisation, as of Oct 4, 2026). Per share that is A$0.8550; our models calculate a fair value of A$0.4845 per share.
What do the bullish and bearish scenarios say about MI6?
Our models span a range for Minerals 260 Ltd: cautious scenario A$0.3655, base A$0.4845, optimistic A$0.6120 per share (as of Oct 4, 2026, price A$0.8550). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MI6?
Minerals 260 Ltd trades at a price-to-earnings ratio of 21.4 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.4845 is built from several models across several years. Other multiples: P/B 4.1.
How solid is the balance sheet of Minerals 260 Ltd (MI6)?
Balance-sheet figures for Minerals 260 Ltd (as of Oct 4, 2026): return on equity 28.5%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is MI6 from its 52-week high?
Minerals 260 Ltd trades at A$0.8550, about 13% below its 52-week high of A$0.9850 and 229% above the low of A$0.2600 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.4845 is for.
Which stocks are comparable to Minerals 260 Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Minerals 260 Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price A$0.8550, calculated fair value A$0.4845 (−43%), Quality Score 30/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MI6 calculated?
We run Minerals 260 Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.4845, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. Minerals 260 Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Minerals 260 Ltd (MI6)?
The closing price on Oct 5, 2026 was A$0.8550. Our model-based fair value is A$0.4845, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Minerals 260 Ltd right now?
The price sits above even our optimistic bull case (A$0.6120). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Minerals 260 Ltd
How large is the market capitalisation of Minerals 260 Ltd (MI6)?
The market capitalisation of Minerals 260 Ltd is A$2.1B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Minerals 260 Ltd (MI6)?
Earnings per share at Minerals 260 Ltd are A$0.0400 (price ÷ EPS = P/E 21.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Minerals 260 Ltd (MI6)?
The return on equity (ROE) of Minerals 260 Ltd is 28.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Minerals 260 Ltd (MI6)?
On an EBIT basis the return on assets of Minerals 260 Ltd is −108% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Minerals 260 Ltd (MI6) generate?
The free cash flow of Minerals 260 Ltd is −A$61.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Minerals 260 Ltd (MI6) hold?
Minerals 260 Ltd holds more cash than debt, A$93.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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