Yeah, they write off the failures and capitalise the successes, both at cost, so too right it can be misleading if high risk.
Example spend $1mm on each of 100 projects. One hits $1 bn NPV, 99 are written off. Overall $99mm loss for the books. Reality a stunning success.
I prefer cashflows with miners. Too much artifice in the P&L numbers.
EL
low pe, page-3
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Last
$120.99 |
Change
-0.180(0.15%) |
Mkt cap ! $44.91B | |||
| Open | High | Low | Value | Volume |
| $121.52 | $124.12 | $117.14 | $437.7M | 3.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28 | $120.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.99 | 2912 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |