yes, however the risk is the Brazilian government suddenly overturns its decision and allows Vale to mine again on those specified mines. The loss in jobs and more so, tax revenue will take its toll.
RIO is only this high due to a significant disaster in a commodity that earns 70% plus of its profits.
Getting Ready to Push to $100?, page-51
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Last
$119.42 |
Change
-0.320(0.27%) |
Mkt cap ! $44.33B | |||
| Open | High | Low | Value | Volume |
| $119.50 | $120.92 | $118.82 | $77.95M | 651.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 215 | $119.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.21 | 930 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |