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Rio Tinto: buy at 3500p - there’s still value here

By Robert Sutherland Smith | Monday 17 February 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Looking through my notes, I was bullish on the prospects of Rio Tinto (RIO) over much of the last year, when the talk was dominated about an oversupply of iron ore. Given that this commodity provides 80% of Rio’s group earnings, why was I obtuse enough to like this share?



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