M4M 0.00% 3.5¢ macro metals limited

Well, a document release at last.The headline metrics don't...

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    Well, a document release at last.

    The headline metrics don't really inspire though:

    • Capex of A$714m (+/- 10%)
    • Operating margin only 40% (+/- 10%) with power (presumably non-green) comprising over 1/3 of cost
    • IRR 14% (after tax)
    • Overall Study accuracy +/-30% (page 30)

    Best chance of it ever getting done is a sale IMO.

    Good luck to all.
 
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