The investment case for Metro is simple, ultra-low risk and potentially high returning. The company is fully financed and has begun construction of the 6Mtpa bauxite mine, Bauxite Hills. Located in the world class Weipa bauxite region in Cape York, Australia, the mine is due to come on stream in Q2/2018. At the bottom of the second quartile of the cost curve, Metro will export a DSO product over a 17 year life of mine. Our NAV of the fully funded company is A$0.42; equivalent to 147% upside f
