The Bridge - Vol V

Natural Resources Edition

Coal
Carbon (from Latin: carbo "coal") is a chemical element with the symbol C and atomic number 6. It is non-metallic and tetravalent—making four electrons available to form covalent chemical bonds. It belongs to group 14 of the periodic table.

"Canadian premium low-vol coking coal was offered at $254.6/t CFR North China as of May 14, up $19/t from the previous week and $35/t from a month earlier, Sxcoal data showed. Russian K10 was offered at $180.3/t CFR North China, up $14/t WoW and $25 MoM.”

http://www.sxcoal.com/?lang=en

CAD:TSX.v Very little change here, outside of the market getting tighter and tighter,, infrastructure spending "TOP OF MIND” now! +/- 700M m/t in the ground, 180M shares out and $6M plus cash in the bank. If the stock was trading @ .80 that would put the value of the coal in the ground @ .20/mt vs what it actually sells at. Coke Coal is required to manufacture steel all over the world. Here is what infra structure spending looks like in India…

https://www.youtube.com/watch?v=eE_D3jn_Egk
https://www.youtube.com/watch?v=L9odSriWjxs

Education to understanding Coal as an investment, MET COAL & Building the Future, Is this "Coke for you?”
Coal-mining-booklet-final.pdf


The things we never think of…

Bell metal is a hard alloy used for making bells and related instruments, such as cymbals. It is a form of bronze with a higher tin content, usually in approximately a 4:1 ratio of copper to tin (typically, 78% copper, 22% tin by mass) https://en.wikipedia.org/wiki/Bell

CMMC:TSX Following the $COPPER chart now, a 10X since April of 2020, Is it a double from here??? Stock should perk up late June 2021 and into the release of Q2 #’s in late July, as the drilling commences in Australia with no hydro or water issues, and a go forward decision in that country by Q4, there is a lot of reason to continue to hold a position here, Canadas #3 producing copper mine, #2 in BC and on the radar of many a big company now for a take-over, 2022 guidance for production is 135M pounds of copper! 31 year mine life left in BC vs #1 in Canada, Teck’s Highland Valley with only 7 years remaining……
Who is Glencore? Market Cap $990M +/-

DNT:TSX This penny stock on the big board on Toronto with Fortescue ( Fourth Largest Iron Ore Company in the World ) owning a 19.9% stake and in Goldman/Sachs Top 80 global projects, this is a good reminder of why it remains a “project of interest” to many, not a few!

Candente Coporate Overview

Is it a take-over target? With the desk top engineering now completed, we wait now for the NEW PEA to be delivered to market in Sept/Oct 2021! Where on this graph are we? Market Cap $42M



SOMBRERO ( PRIVATE ) Expecting a June/July launch register here https://www.sombreroresources.com for up to date information.

"WHY COPPER WHY NOW"? PERHAPS, EB TUCKERS NEXT BOOK……..or "NO MORE RESERVES"
"Running out of ore”
Why are major mining companies so intent on securing new supplies of copper? Quite simply, they’re running out of ore!!!

As we have reported, without new capital investments, Commodities Research Unit (CRU) predicts global copper mined production will drop from the current 20 million tonnes to below 12Mt by 2034, leading to a supply shortfall of more than 15Mt. Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place."

Mining.com copper article


DMX:TSX.v "District Metals evaded the fall most other gold mining stocks had earlier this year, largely because the company is not strictly a precious metals play. Its projects in Sweden are mainly gold and silver plays, but they also have significant amounts of base metals: copper, zinc and perhaps even cobalt. Metals like copper have been on a tear. Having exposure to multiple metals likely helped District avoid a sell-off. District is also making good progress in advancing its projects.” Casey Research April 27, 2021

With only three holes soon to be reported, and half way through the drill program, this could be a darling in the market very soon. With silver about to launch, this polymetallic VMS deposit, is very close to Boliden’s Garpenberg Mine < 25 kms away, Boliden is the 5th largest zinc metal manufacturer in the WORLD, with their own "in country" smelter! When does a zinc mine become a silver mine, around $28.00 USA an oz of Ag! Having concluded a deal on Tomtebo with EMX and now a large shareholder, is there a way, they may have m-ore (ore) opportunities on the horizon. With a stunning shareholder base, when do we cheer for Team Sweden…when they are playing the Russians! Market Cap $32M

Tier One ( soon to be TSLV:TSX.v ) T- minus 5 and counting down now! The call to trade came today! So do we open at one buck or three… TSLV:TSX.v Management want all shareholders to benefit from “turning rigs”. https://www.tieronesilver.com

Tier One Silver Press Release


Gold prices are only modestly higher and has made a significant move of late, “INFLATION", the word on most trader’s lips, and with this comes the Self Fulfilling Prophecy. Oh, if it were not for the talking heads. We needed to see Au move over the 200 MA, will it reach the $2000.00 USA/oz # on this run, I believe will see one more down stroke before we see moves to potential new highs. I am happy to not be in Bit Coin, far too many countries coming to market with their own coin Canada as one, look to see this role out next 2-5 years, China, has been hoarding gold, now we know why.

ABX:TSX The Canadian giant, our entry point at under $24 made good sense, they have now announced their two structured dividends (hold to May 28th yields .14/share and .09/share for this quarter). Stocks had a nice run to $30 plus, can it run back to over $40 in 2021/2022 cycle….TBA Market Cap $50 B +/-

FURY:TSX So much good news to flow now, labs been changed, would not surprise me to see this start to move higher in this cycle. A press release a week for next 4 weeks, possible or plausible, fact or fiction, I’ll bet on FACT! https://youtu.be/vn4qiD8VAyw This interview last week, extends and explains where were heading to, higher! Homestake and Committee Bay are now into the predatory stages for arriving at the site(s) as we move into June. There will be no lack of news and news flow here, Fury is in a hurry to go higher! Market Cap $186M

OSK:TSX This is totally in a holding pattern now, I do not see any real big swings in either direction for the next 8-14 months, Orphan Stage of the Lassonde Curve, a safety net investment or accumulation if your narrowing your portfolio. Market Cap $1.1B

Honorable Mentions are now moving up my ladder, to “FOLLOW"

KLD:TSX.v A young geological team, which is led by Zach Flood, he like Garrett Ainsworth @ DMX both grew up with not just rocks in their heads but in their blood, with fathers now deceased were also geologists. This is the new generation!! There are very few Father/Son combinations in the world, let alone Canada/USA. My bet here is not just youth & location but a skill set that’s developing fast, KLD has a very strong team and a strong pedigree of shareholders, some big funds! They are in three camps, Alaska, Quebec and Ontario, this one is worthy of a jump suit, open the hood, and get some grease on your fingers, you may be surprised with location location location. They are on the "Big Creek Fault" in Alaska….. Market Cap $47M

TIG:TSX.v Ok, they too are on the "Big Creek Fault", but in the Yukon…..now look at this shareholder list, Newmont 12%, Zinjin 9.9% and 7 other large funds holding almost 70% of the company along with management, including my fund ( for disclosure purposes ). When Goldcorp bought Kaminak they paid $520,000,000.00 in an all stock deal, now Newmont, this is in the "ah ha" category! Of late Coeur just took a stake in the Eagle Mine ( Victoria Gold ), pay close attention to the Yukon, in a serious way, they are about to hit the trail for the 2021 season, I’ve met the new geological team, their expertise is beyond the Yukon, look to MUCH bigger things to show up here in 2021! Market Cap $33M

CONCERN, or no CONCERN at all:

TORQ:TSX.v With Chile, no matter what news flows from out of country, remember, (very important) governments come and go and this is a long game!! Mining in Chile, is one of the biggest economic boons for their economy. BHP, Freeport & Glencore are there for a reason… the largest mines in the world are there, and that’s why TORQ is there. The last two weeks brought huge volume and a new base in the .85-.95 range, keep your eye on this one for what may be exceptional gains. http://www.torqresources.com

“To make a mistake is human, to blame it on someone else, is even more human”.

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

fport@bridgeportcapital.ca