The Beginner Series.
Start here. Plain guides to junior mining, the TSXV and CSE, dilution, technical reports and how to read what a small resource company publishes.
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 Bellmare Capital...
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 all affect...
How We Build a Company Spotlight: The Four-Part Framework
Every Bellmare Capital company spotlight is sponsored and follows the same four parts: the setup, what the company has disclosed, the risks,...
NI 43-101 Resource Estimates Explained
Inferred, indicated, measured, probable, proven. A plain-language guide to the resource and reserve categories used in every Canadian junior...
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 results to...
Understanding Dilution in Junior Mining
Before reacting to a financing announcement, understand what dilution is, why it occurs, and how to evaluate it.
TSX vs TSXV vs CSE: A Plain-Language Guide to Canada’s Three Junior Exchanges
Canada hosts three of the world’s most active resource equity markets. Here is what each one is, how it works, and what investors should...
Four Types of Junior Mining Companies, Explained
Before investing in a mining stock, understand what kind of business you are actually buying.