Vale (RIO) is a BUY!

This is the cheapest and, arguably, the best mineral company in the world.

For those of you who have never heard of Vale (RIO - not to be confused with Rio Tinto), its one of the world's largest iron ore producers and based in one of the world's strongest economies: Brazil.

The company recently offered ~$15B in stock and diluted some of the shareholders, which is why it is lagging the other steel/mineral plays. The company did this to fuel future growth.

I played this company before from ~$32 to $38. Finally pulled back enough for me to harp on it.

RIO is a buy.