rkt, cut the agression. We all know that the compelling reasons for the BHP/RIO take over are (i) the significant synergy opportunities and (ii) very bullish outlook over medium term for iron ore. In addition to this RIO is only trading at 20PE, yes this is high but for a company that is obtaining 70% price increases on its core product it is not silly!
If (i) and (ii) are achieved then yes, RIO is reasonably priced!
just looking at the facts, page-27
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