MMI 0.00% 4.7¢ metro mining limited

Ann: Bauxite Hills August Production Results, page-11

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  1. 2 Posts.
    September looks like it will be a record shipping month with around 500kt shipped, indicating a loading rate of c. 16100 tpd. Not sure where you arrived at 16500tpd (probably by dividing 517kt by 31 days).

    DFS likely to show a higher level of capital expenditure needed because will likely go for a higher capacity floating ship loader which will make the project more robust, as well as meaning they may be able to produce at rates greater than 6.5mtpa. Potential for access to attractive financing from those trying to promote increased economic activity in Northern Australia.

    Disappointing have not seen any recent announcements re additional long term contracts from China.
 
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