Their assets are long life, need to be valued on an NPV basis using likely average pricing over the cycle.
I think 30-40 bucks is fair value. It never ceases to amaze me that investors apply standard PE type valuations to minining companies particulaly at a high point in the commodities price cycle. This hasn't been a crash just a correction to reality.
As long as they don't get caught out with refinancing they will be fine.
Their assets are long life, need to be valued on an NPV basis...
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Last
$112.81 |
Change
-1.620(1.42%) |
Mkt cap ! $41.87B | |||
| Open | High | Low | Value | Volume |
| $114.38 | $114.42 | $112.81 | $158.9M | 1.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2408 | $112.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.85 | 6700 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |