The next great penny share mining frenzy?

Tom Bulford looks at what could be the next big story in mining - Africa's iron ore reserves - and the small-cap stocks poised to profit.

If you're excited by natural resources stories, you'll like this one.

Last week Stephen Pearce, chief financial officer of Australian iron ore miner Fortescue Metals, said something that that caught my eye. He reported a recent rebound in the iron ore price, saying that it highlighted "the fundamental shortage of seaborne supply against a continuing strong demand profile from developing countries".

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.