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The reports and comments on this site are currently written by Keith Goode.

ERA’s reports mainly cover precious and base metals companies where anyone can see what the price of the product is, with the majority being gold companies, followed by nickel companies.

The reports are paid for by the company concerned and email distributed free. However, we only do them if we like the management (70%), project (20%) and country (10%) for which you need about 90% in each category.

Sites are visited in order to write a report, and typically a week is spent with a company and then it is written up in the following 2 to 3 weeks, with excel modeling where required slowing the report's timing. Report sizes are typically 6 to 12 pages.

Sep 2016 - Woods Point is not Valhalla

Woods Point is not Valhalla

In reply to a broker that ERA's next report was to be on Morning Star at Woods Pont, he remarked "oh no, not Walhalla, if you are talking about Walhalla then the gold market has to have peaked, no one has made money out of Victoria for many years". Yes the gold market was at a peak, but not necessarily for that reason.

Aug 2016 - Buyer or Finder?

Buyer or Finder?

Delta Gold (DGD) was a classic finder, eg Granny Smith, Kanowna Belle, Wallaby, and the Zimbabwean Great Dyke. One of the  Delta geos (Alastair Cowden), then went on to discover the Nimbus silver mine under Archaean, next to Kalgoorlie (now owned by MRP) and establish Vulcan (VCN) and then Altona adjacent to Outokumpu in Finland, and is now developing Little Eva near Cloncurry in Queensland, and interestingly VCN once held the Lords prospects' tenement (Lord Henry and Lord Nelson) at Sandstone; while another DGD geo discovered Nimary when he was with Eagle Mining.

Jul 2016 - Horse Well

A Forgotten Gold Mine

Alloy has 40% of the Horse Well JV that Doray has farmed into and earned a 60% holding so far by paying $2m in about 1.5 years. Doray could increase to 80% by spending another $2m by December 2016, however, Alloy can retain its 40% if it contributes its 40% of the $2m, ie $0.8m and recently raised $1.3m at 1.1c per share, so AYR can retain its 40%.

Jun 2016 - Gold and Lithium

2016 - The year of Gold and Lithium

The theme of the conferences and behaviour of the stocks so far this year has clearly been focused on gold and lithium. While it was still doom and gloom in January, the revival of the gold price and its reluctance to fall below US$1050/oz (as predicted at the Tianjin conference in October 2015) caused many speculators to realise that no, gold was not going to meet many expectations of a fall through US$1000/oz to US$800/oz.

Kitco Spot Gold Price

   Click Chart for Spot Gold Price[Most Recent Quotes from www.kitco.com]

Stock Quote

  (Add .ax for ASX)
 ^AORD
Name ALL ORDINARIES
Date 9/12/2016
Trade 5,615.800
Change 16.800
% Chg 0.30%
Volume 0
Mkt Cap N/A
Intraday