Yup she’s cheap. But again commodity broker reports don’t mean a lot, it’s all based on their long term commodity price assumptions and then DCF on that. No one can accurately predict commodity prices and almost always wrong. So it’s best to come up with your own macro assessment of where and what the world needs in term of commodities and apply a price as such.
Iron ore continues to defy analysts, and I personally think copper is under estimated.
ex tomorrow and no one talks about it, page-7
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Last
$118.24 |
Change
-2.750(2.27%) |
Mkt cap ! $43.89B | |||
| Open | High | Low | Value | Volume |
| $119.62 | $120.11 | $116.68 | $315.0M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260 | $118.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.25 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |