Added to YB: 2024-07-02
Pitch date: 2024-07-01
MMI.AX [bullish]
Metro Mining Limited
+29.63%
current return
Author Info
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Metro Mining Limited, together with its subsidiaries, operates as an exploration and mining company in China.
Market Cap
AUD 333.5M
Pitch Price
AUD 0.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
52.09
P/E
-8.53
EV/Sales
1.74
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)