RE:Hey RiontintoeSooner, in deference to the board, I'll keep it short. My take on Rio, similar to BHP (I don't own BHP), is I love the business in general. Rio today, as a company, is still primarily iron ore. And it's profitable even at $65-ish a ton (roughly $100 now). Most producers can't match that and below $90 they have to curtail operations,which buoys the price.
I'm a bit neutral on Stausholm, I think he's gone a bit too hard too fast on the ESG front, losing a bit of focus on the operational side of things,, which takes a small bite out of shareholder returns, speaking of which I think the final 2024 dividend (paid in April 2025) should be around 2 dollars... So maybe $3.75 to $3.90 in total giving you about 6+% at today's closing price..