With RIO trading at nine-month lows and at a discount to value, is now the time to buy

With RIO trading at nine-month lows and at a discount to value, is now the time to buy? Despite a strong market position, a sustained downward trend in the iron ore price spells revenue and margin pressure for RIO. With iron ore prices weakening below the psychological $US100 mark, the outlook for Rio Tinto has been tempered with some concern. Every $US10 movement in the iron ore price wipes $1.2 billion from Rio Tinto's bottom line. Read the full article published in Business Spectator (VIEW LINK)