James West
Short-term horizon, medium-term horizon, long-term horizon, arbitrage

Black Iron Nears Production With 40% IRR And 2.2 Year Payback

Black Iron Inc. (OTC:BKIRF) is a near-term iron ore project in the Ukraine that is part of the Forbes and Manhattan group of companies. If there's one thing an investor can be certain of, it's that Forbes and Manhattan are the industry leaders in building iron ore companies for sale to majors.

The flagship transaction that is a most poignant case in point? Forbes and Manhattan investors who invested in Consolidated Thompson iron mines at $0.22 a share were no doubt ecstatic when the company was acquired by Cleveland Cliffs (NYSE:CLF) in May 2011 for $4.9 billion or $17.25 per share, representing a return of over 7,700%. It took five years and $1 billion in capital...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details