We wrote in our initiation note in August last year that the investment case for Metro is simple, low risk and potentially high returning. As if to back this up the company has built the Bauxite Hills mine and associated transport infrastructure in the last six months and is now ready to turn the key when the rainy season ends, due April. Initial capacity is 2Mt in 2018 and with further capex grows to 6Mtpa bauxite in 2021. Meanwhile demand for imported bauxite into China continues to grow ev
26 Mar 2018
At point of delivery
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Metro Mining Limited (MMI:ASX) | 0 0 1.8% | Mkt Cap: 373.5m
- Published:
26 Mar 2018 -
Author:
David Butler -
Pages:
11
We wrote in our initiation note in August last year that the investment case for Metro is simple, low risk and potentially high returning. As if to back this up the company has built the Bauxite Hills mine and associated transport infrastructure in the last six months and is now ready to turn the key when the rainy season ends, due April. Initial capacity is 2Mt in 2018 and with further capex grows to 6Mtpa bauxite in 2021. Meanwhile demand for imported bauxite into China continues to grow ev