The issue is the management and underlings @Rio and BHP can't help themselves in putting up grand expensive purchases, takeovers, or new projects - then loosing billions of $ and then all 'line up' for their yearly boluses. The history of both companies is littered with very poor purchases and many of the disasters still linger on the books !
On the othersider RIO which is listed in Frankfurt ( DAX) is strongly recommended by many European Investment Banks .
Serbia is a big risk I think RIO will have delays and difficulties is progressing this project . RIO could buy several small Australian mineral companies with nice finds of Lithium, it would be a much cheaper entry into this market.
The issue for RIO is the price of Iron Ore if the Chinese mill ' get their head together' on the purchase price of Iron Ord the price could easily decline by US$ 20 - 40 / t
RIO is a big punt!
The issue is the management and underlings @Rio and BHP can't...
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