The facts

Everyone is entitled to their view but I prefer to base mine on facts.

I've kept a chart of their ASX Announcements (web site) since buying in 12 months ago. Hardly activities undertaken if you aren't going to production! Comments to the contrary seem baseless.

Recent PFS and Native Title Announcements are vital components chalked up for this one.

March on Metro Mining!

	Column 1	Column 2
0
1	27 Jan 2016	PFS Increases Production Scenario - double production output to 4 Mtpa, 148% increase in NPV to A$582 million.IRR improved 5% to 156%. Average annual EBITDA estimated A$134 million with profit after tax $92 million.
2	21 Jan 2016	Announces Native Title and Land Access Agreement finalised.
3	04 Jan 2016	Receives Final Payment for Hey Point Sale (Total A$1,575,000 royalties of 3-4% of gross proceeds from all bauxite sold)
4	09 Dec 2015	Increases DSO Resource to 65.3Mt (additional resource at BH2 deposit).
5	02 Dec 2015	Launches Take-Over Offer for Gulf Alumina
6	05 Nov 2015	Releases 2 Mtpa Definitive Feasibility Study
7	Sep 2015	Forced to undertake full Environmental Impact Statement for Bauxite Hills (Has worked for 12 months on Environmental Approval process)
8	10 Aug 2015	Announces non-binding Off-Take MoU Signed with Xinfa Group
9	Jul 2015	Undertakes successful Placement and Underwriting Offer to raise A$5.6m
10	02 Jun 2015	Announces Fourfold Increase in Bauxite Hills Reserve (from 12.1 to 48.2 Mt)
11	02 Jun 2015	Announces 53.6 Mt DSO Resource (Measured, Indicated & Inferred) – significant upgrade in resource classification
12	13 May 2015	Appoints China Marketing Expert
13	17 Feb 2015	Completes PFS Complete & Announces Maiden Reserve (NPV A$197million, IRR 88%, Average Annual Net profit after tax A$27.4 million)
14	16 Feb 2015	Upgrades Bauxite Hills Resource
15	13 Jan 2015	DSO Inferred Resource Doubled to 47 Million Tonnes