Platypus Asset Management: Big Miners are overvalued

Platypus Asset Management: Big Miners are overvalued. Don Williams, the CIO at Platypus Asset Management agrees with some of the sentiment from Shawn Hickman's wire (posted Friday), saying the big miners are overvalued, with the Iron Ore price expected to fall. We think, at best, BHP and Rio will go sideways for a number of years. BHP is trying to add some value for shareholders, but just splitting the company in two doesn't necessarily add anything, unless one of the bits gets bid for. AFR subscribers can read the full article: (VIEW LINK)

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