As we head into the trading week of November 10, 2014, shares of Rio Tinto remain undervalued. In a Reuters interview with its CEO, it is noted that the production cost of iron ore for Rio Tinto is about $20 per ton. The low price in iron ore is not affecting Rio Tinto too much as a result, and it is able to increase production to gain market share. This is going to pay dividends over the long-term in my opinion, and I am looking forward to a likely share dividend increase in 2015. Long RIO.
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