MMI 2.50% 3.9¢ metro mining limited

Haven't seen much discussion on this, but can anyone offer up an...

  1. 341 Posts.
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    Haven't seen much discussion on this, but can anyone offer up an opinion on why Metro offering up a 2.3% royalty at this stage of production? at 7MT with bauxite at $55usd ~ $81AUD/t. 2.3% royalty = $13m p.a...

    This seems insanely cheap, am I missing something?


    https://hotcopper.com.au/data/attachments/6307/6307226-471f99efc3e7a5e6748b46f3d12e6aed.jpg
 
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