Added to YB: 2024-07-02
Pitch date: 2024-07-01
MMI.AX [bullish]
Metro Mining Limited
-21.3%
current return
Author Info
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Company Info
Metro Mining Limited, together with its subsidiaries, operates as an exploration and mining company in Australia.
Market Cap
AUD 271.4M
Pitch Price
AUD 1.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.93
P/E
144.33
EV/Sales
0.96
Sector
Metals and Mining
Category
growth
Show full summary:
Metro Mining: Extended Edition
MMI.AX: Bauxite producer, 7mt/a production, expanding to 8-9mt/a. Cheap at 2.1-3.2x P/E, 2.5-3.8x EV/E. $244.2M tax losses boost near-term profits. NPV $0.23 at $60/t bauxite (+430% upside). 83.2Mt reserves, 118.7Mt resources. Bullish bauxite market: 4-7% CAGR, China demand rising, supply constraints. Risks: weather disruptions, geopolitical issues in Guinea.
Read full article (7 min)