Baker Steel Resources (BSRT) was listed in 2010 and holds a concentrated global portfolio of both listed and unlisted smaller mining companies. The trust had a difficult start, due to the slump in commodities during the 2010s, and shareholders were underwater from 2012 until just a few months ago, but its recent performance has been much more impressive. Its share price has nearly quadrupled from a low of 34p in late 2023, thanks to the surge in gold and silver prices plus gains from holdings like Tungsten West and Blue Moon, taking its market cap to £135m. BSRT has typically traded at a wide ...