RIO is not valued at under 39 billion AUD. It has a dual listed structure so you need to add the value of the shares trading on the LSE which have a current market capitalisation of around 52 billion GBP.
2.08 AUD/GBP gives 108.1 billion AUD plus 38.44 billion AUD (ASX MC) gives total MC of approximately 146.5 billion AUD
RIO Price at posting:
$103.55 Sentiment: None Disclosure: Held
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