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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.

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.

May 2016 - WIMnet's Mentoring

What is WIMnet's Mentoring Programme?

On Friday 6 May 2016, I with Chris Sabin (from the Sydney Mining Club) attended what I thought was a Wimnet launch at Ernst  & Young's offices in Sydney. Our attendance came about from my sitting next to Fiona Robertson (who I knew as the former CFO of Delta Gold just a few years' ago [20?]) at a Sydney Mining Club lunch the day before, and Chris said to me (with Fiona there), "I assume you are going to the launch tomorrow ?".

Dec 2015 - Geoparks and Green Mines

Geoparks and Green Mines

You may not have heard of a geopark, because despite Australia's geological historical potential for them, Australia does not have any, probably because one of the key criteria to qualify is government funding.  Australia apparently tried to have one but UNESCO disqualified it for failing to meet requirements (probably government funding), and one of Italy's 9 geoparks was recently yellow carded for having lost government support.

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