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Metro Mining (MMI) – Operations Update

    Home Latest Research Metro Mining (MMI) – Operations Update
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    Metro Mining Logo

    Metro Mining (MMI) – Operations Update

    By admin | Latest Research | 0 comment | 28 February, 2019 | 0

    Metro Mining Logo

    Metro Mining (MMI) has given an operational update for its Bauxite Hills project in Northern Queensland. Mining is set to resume mid-to-late March and first shipping is expected from mid-April following the cessation of the regional wet season. CY19 guidance of 3.5Mtpa has been restated as the expansion to this run rate remains both on time and on budget. MMI’s share price has been impacted in recent weeks following the announcement that Malaysia will resume bauxite imports. We see minimal near-term price impact from the changes in Malaysian, due to an expected slow ramp-up of exports.
    Buy Recommendation with a revised target price of $0.36 (prior $0.40)

     

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