Beginner Series

Beginner Series.

Plain guides to junior mining, the TSXV and CSE, dilution, and how to read a small cap resource company.

Beginner Series

Four Types of Junior Mining Companies, Explained

Explorers, developers, near-term producers, and producers. The four basic models that almost every junior mining company on the TS…

June 4, 20263 min read

Beginner Series

TSX vs TSXV vs CSE: A Plain-Language Guide to Canada’s Three Junior Exchanges

The TSX, TSX Venture Exchange, and Canadian Securities Exchange each list small cap resource companies under different rules. Here…

June 4, 20263 min read

Beginner Series

Understanding Dilution in Junior Mining

Junior miners raise capital by issuing new shares. Here is what dilution actually does to your position, why warrants matter, and …

June 4, 20263 min read

Beginner Series

How to Read a Junior Mining News Release

Junior mining news releases follow predictable patterns. Here is how to find the actual signal in a typical release, from drill re…

June 4, 20263 min read

Beginner Series

NI 43-101 Resource Estimates Explained

Inferred, indicated, measured, probable, proven. A plain-language guide to the resource and reserve categories used in every Canad…

June 4, 20263 min read

Beginner Series

How We Build a Company Spotlight: The Four-Part Framework

Every Bellmare Capital company spotlight follows the same four-part framework: setup, what caught our eye, the risk, and our read….

June 4, 20263 min read

Beginner Series

Reading a Junior’s Capital Structure: Shares, Warrants, Options

A junior mining company’s capital structure includes much more than just outstanding shares. Warrants, options, and convertibles a…

June 4, 20263 min read

Beginner Series

Bull Case, Bear Case: Writing Balanced Research

Balanced junior mining research includes both the bull case and the bear case for every name covered. Here is why, and how Bellmar…

June 4, 20263 min read