At this stage, it appears that RIO is looking at simpler and smaller assets than BHP, a good strategy in theory. However, the value of such assets has rallied significantly over the last six months, and as we’re seeing with BHP, they’re not going to get anything on the cheap.
- We like RIO because of our bullish stance towards resources, but at this stage, BHP remains our preferred major.
MM remains bullish towards RIO
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