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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 2015 - Metal Cycle

Has the Base Metal Cycle Restarted ?

Doom, gloom, the end of the resources world is nigh - sound familiar. commodities continue to collapse, the A$ falls to US60c, and China continues to slow to only 6%pa GDP growth within the next 2 years (or as some forecasters have it). Or in other words, it could now take about 3 years before China's growth can rise by Australia's total GDP per year.

Sep 2015 - Focusing Alteration

Exploration Focusing on Alteration

This month's Paydirt GMJ column has been based purely on observation as so far this year of the companies ERA has visited I have noticed an increasing trend focusing on alteration compared to conventional gold mineralisation in quartz or other host rocks.

Sep 2015 - Bun Fight

Bun Fight at the OK (Old Kalgoorlie) Corral (Goldfields)

A delegate remarked at Diggers 2015, "what we need is some action, to liven things up a bit. That banter between you and Cooky was great, it woke everyone up!". Just like Diggers, a "bit of action" has livened up the market being an emerging bun fight over Phoenix Gold Limited (PXG.ax), between the ~27.4% China SOE Zijin (with its ~$20bn market cap, 21.6bn shares and ~1.0mozpa annual gold production, plus copper, silver and gold refineries and other metals etc) and 0% Australia SOE Evolution (with its  ~$1.5bn market cap, 1.4bn shares and ~ 0.85mozpa annual gold production).

Aug 2015 - Done it Again?

Have the ex-Avoca Team Done it Again ?

Many people can recall the Avoca gold company that started as a $7m minnow and evolved under Rohan Williams' leadership into the extremely successful Alacer with at one stage a market cap exceeding $2.6bn. ERA's last report on Alacer was in July 2011 (available on www.eagleres.com.au) at a share price of A$8.75 (or US$9.45) being over 30 times higher or in market cap times, over 80 times higher than ERA's first report on Avoca in April 2005 (also available on the website) at a share price of 26c and market cap of $33m.