The Investment Doctor
Long/short equity, value, debt, base metals

BC Iron Is Holding Up Better Than I Expected

Introduction

In the fall of last year I thought iron ore miner BC Iron (OTC:BIRNF) could be an attractive buy as the company was getting ready to increase its output by 80%. The only negative thing was the short mine life which was only seven years. Much to my surprise, the company's share price is still trading at the same level as when I wrote the previous article, after running up approximately 17%. As I recently had to revise my expectations for fellow iron ore miner London Mining, I feel an updated valuation for BC Iron is warranted as well.

The volume on the US exchanges is quite limited so I'd strongly recommend to trade in BC...

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