Mayben the good folks at Greenstone did a bit of research and...

Mayben the good folks at Greenstone did a bit of research and realized how much Bauxite is needed to build a Tesla EV, then looked into how many cars are forecast to be build by Tesla alone in the next 5 years, then realized that most other Car manufacturer will opt for raw materials that will give them lighter bodies for their upcoming EV Models, even if that means a few more dollars spent on raw material but in return will get a lighter/ stronger body that will give better mileage;

HERE’S WHAT’S IN A TESLA MODEL S:

Body and Chassis
Bauxite: The Tesla Model S body and chassis are built almost entirely from aluminum, which comes from bauxite ore. Aluminum is lightweight, which helps to maximize the range of the battery beyond that of other EVs. The total amount of aluminum used in the car is 410 lbs (190 kg). - That's per car...

http://www.visualcapitalist.com/extraordinary-raw-materials-in-a-tesla-model-s/

Further in today's announcement:

"Metro has also granted Greenstone customer nomination rights whereby Metro has agreed to grant, and procure that its subsidiaries grant, to Greenstone, the right to nominate customers to purchase bauxite production pro-rata to Greenstone’s shareholding in Metro on an arms’ length basis and no less favourable terms than could be achieved elsewhere. Greenstone’s customer nomination rights are only exercisable after Metro has been in production for four years."

It looks to me as if some large Bauxite user has instructed Greenstone to take a large position in MMI to secure future delivery of Bauxite, it's save to predict that in 5 yrs time the EV manufacturing will be in full swing and demand for Bauxite will be very healthy via traditional demand + yearly increasing demand for EV's and other forms of transport.

I wonder what Gulf Shareholders are thinking today?