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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.

Oct 2012 - Transform Focus P2

The transformation of Focus - part 2

When we wrote "the transformation of Focus - part 1" that was contained in last month's (October 2012) issue of Paydirt, we had not anticipated Focus announcing on 20 September 2012, a $227.5m placement of 4.55bn shares @ $0.05 to Shandong Gold International (a 65% subsidiary of Shandong Gold Ltd, which owns 56.4% of Shandong Gold Mines that produces >700,000ozpa with a market cap of  ~$9bn). 

Sep 2012 - Enter The Dragon

 Enter the Dragon

The placement of 4.55bn shares in Focus Minerals (FML) to Shandong Gold International at 5c per share, raising $227.5m, marks a further advance by a Chinese gold company taking a different kind of position in an Australian gold producer.

Aug 2012 - DeGrussa Jewellery

Mining the DeGrussa Jewellery Box

We visited Sandfire's DeGrussa mine ~900km north of Perth in WA, ahead of Diggers 'n Dealers 2012 as part of a group of about 76 people (~6 were SFR personnel) on a 100-seater Cobham aircraft that flew to the new airstrip in about 1.5hours.

Aug 2012 - Transform Focus P1

The Transformation of Focus - part 1

After Diggers 2012, we visited Focus Minerals' (FML's) operations spending 3 days at each of its Coolgardie and Laverton operations. Over the past year, Focus has integrated the Crescent Gold (CRE) operations into Focus Laverton gradually replacing the board and management - why,  because Crescent resembles something reminiscent of a column by Trevor Sykes' Pierpont.

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