The Bridge - Vol II

Natural Resources Edition

Big week for Copper, Cu! So let’s start there #29, just may become your favourite number…

DNT - Two very good news releases this week, now, we wait on Desk Top Engineering and the development of a PEA (timing 4 weeks to 4 months), not a bad place to accumulate a position while taking profits from other opportunities. If copper is a colour you like. (.20-.215)

CMMC - Looks like Christmas was indeed the time to have bought "tis the season" stock ( .72 ) now hovering in the $3.00-$3.50 range ( wild week )… profit taking and the like, typically happens when a stock moves from $2.60 ++ in a week. My thoughts on CMMC, in this market may just break its 15 year high $8.11. A real producer, by next year 135M pounds of #29! Strong, strong management (interview on BNN this week) friendly debt. Long call, is a take-over target, let me re state one word, “PRODUCER” In this market, its king or Dr Copper…… it’s difficult to find an inexpensive producer. ($3.09-$3.16)

Sombrero - (sombreroresources.com) Still private, April/May launch something very, very big in the works! Well, Ivan, you could not have timed this any better… (PRIVATE)

Next- # 47 in solid second place, the poor man’s gold, Ag, not for long!

DMX - This week included meeting with management, drilling should commence shortly, maybe a week from today. Keep in mind on this project they have NEVER used modern day geological technics for discovery, yes, let’s not forget, this once was a mine. Sweden, as great a jurisdiction for mining as Canada, although it’s fallen a few notches on the Fraser Institute list, they have been mining in country since 300 AD, The Nords, The Vikings & Templar Knights stole product, mined product and wore products from country within…. Lots of news flow to come, Poly metallic deposit, in Elephant country. This mine (Garpenberg Mine), 12 miles away, produces hundreds of millions of dollars of revenue each year and at $24 dollar silver, DMX is a silver mine and the other metal credits will pay for GREY matter! ( .49-.54 ) let’s not forget a who’s who of shareholders…..Our suitor, is 12 miles away!

Tier One - (tieronemetals.com) Private, one or two more weeks, everything now at the Exchange, board has signed off on financials, and P/P completed, was $10M closed is $13M and like in “Ivan” fashion, no need to go home, just go BIG! Well done, if you have not taken the time to, I suggest you better, Emilia ( new addition ) has some of the "out of this planet" numbers… I’ve talked to many Geo’s, they are all in agreement….this just may be a MOON SHOT! Another well timed opportunity, did you own AUG? Then you’re in! Don’t make this the one you said, “Ah, I missed it”

The Finale’ - #79…The Luster came off Au this week, with Warren Buffett, selling ABX, this rattled a lot of people’s boxes, it did mine, I opened a position this week. Look at the chart, if that’s not the bottom were close, I never worry about pennies. The CIO for BH was on Bloomberg NYC this week, he summed it up by saying, we only follow Rule #1! Do you know WB Rules? Google it! They made millions in 45 days, millions……There is enough study material to understand WB and Au, but this was a proving ground trade for the young internal guys to show WB, “They Have The Right Stuff”! Well Done! But this showed us potentially the third wave and capitulation, is this the bottom? If not were close!

TIG - Yukon, next to Quebec, a great place for Au and Cu. The new team of Geo’s are pain staking reviewing 70 years of information, modelling and over laying it with AI if you don't think this takes time it does, weeks of desk top engineering. Readying for a robust 2021 drill program, all cashed up! ( .175-.19 ) Newmont largest shareholder, Zinjin #2 and a host of 7 other funds on the block here. In Canada, the newest “NOW” in operation Au mine has just commenced… Where there is a mine, you find a mine!

TORQ - Patience, this is a lesson in learning, often times over looked because were impatient… this just may be “OUR” week! I’ve put it in the Ag category, but I have very strong feelings this may just turn out to be #29 ( see above ), if it is, were in a great jurisdiction Chile and Peru host some of the biggest on our bubble …..Allstate, tag line, “You’re in Good hands” Shawn and Ivan, really know what they are doing, it’s why they have an envious following… in Canada we say Toque, in Copper we say TORQ!

FURY - Drill, drill and drill 80,000 meters to begin, news flow so far is slow, but this could be the week where things get turned around…..in Quebec…..The North & BC not until May/June and 50,000 more meters there. This will be the busiest group in CANADA in 2021 …the mystery here, is what happens with ESJV? Newmont, got lucky or did we get lucky or was this just managed right?

OSK - Someone needs to tell management a MRE is NOT a PEA, no surprise they got kicked in the teeth! Still holding but asking myself self, “WHY”. This is a tough game, but managing money, when you feel you are lead down one path and told another…in this business, “credibility” matters!

Deals under review….there are a few, have not picked a “U” as yet, not interested in battery metals….

CAD - EVERYONE needs to consider coal in their portfolio, even if it’s a small portion, if it does not work out, we can blame it on Santa… if it does work out, it’s another WCC! From rag’s .50 to riches $11.32 all in the course of a weekend… million dollar question is what weekend. When? You’ll need to be in to win. China still has their foot on Australia’s neck, you cannot build a bridge off of a 3D printer and steel needs coal and BC has some of the best MET COAL, period! CAD, has 700M m/t of it and if you drive by the property there is a “For Sale” sign on it! Market cap means nothing Read this, report grab a note pad and a pencil and recognize that at .80 share price "in ground coal" is worth .20 and the last project sold in Alberta ( next province over ) sold for $3.25 IGC ( In Ground Coal) Rosseau Asset Management’s one of their top junior picks is CAD, wonder why? Math!!

tormont50.com - colonial coal update



Do you own DD & Homework, not only does it take money to make money, but time, yours!

Rick Rule’s rule #1, "People First” management matters !!

Read of the Week: "Why Gold, Why Now"!

FjP
“A port in a storm, we seek safe harbour"

fport@bridgeportcapital.ca