I have added another spreadsheet next to my google
doc BKI spreadsheet.
Metro Mining a bauxite producer in Australia.
The share price is at a low, which is certainly absurd based on the valuation.
Maybe one of you is interested.
https://docs.google.com/spreadsheets/d/13E_8EDU4f8i-qnBF3JNdfEnqFwp1fA5NdaxoAkwSQLk/edit#gid=0
A revaluation should come
PE 0.5- 0.7.
They produce from April to December due to the rainy season.
This year they are aiming for 4 million tonnes.
They have suppliers for 2.4 million tonnes. They are negotiating for the rest and for the future 6 million tonnes.
Mine life is over 15 years.
They have a loan commitment for the expansion to 6 million tonnes.
Basically, the costs are only for a floating platform with cranes and conveyor belts, which will transfer off the coast from the feeder barges to large ships more quickly than is currently happening.
They start production again on 19 April.