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

BC Iron Is Holding Up Better Than I Expected


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...

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