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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.

Aug 2014 - Australia's New Age

Australia's New Golden Age of Discovery

In his presentation at Diggers 2014, Evolution's Jake Klein showed a figure of gold discoveries over the period from 1990 to 2013, under the caption "Gold discoveries increasingly rare". The figure showed that ~>40mozpa was being discovered from 2001 to 2009, and then only ~15moz in 2010 and 2011, and since then almost nothing.

Jul 2014 - Gold Road Patience

Patience has reaped major rewards for Gold Road starting with Gruyere

In the past month (since ~ May 28) there has been a significant rebound in some of the gold stocks to 1 July such as Silver Lake (SLR.ax) up 67% from 33c to 55c and Gold Road (GOR.ax) doubling from 15c to trade at 30c.

Jun 2014 - Market Bottomed?

Has the Resource Market Bottomed Yet ?

The question as to whether the resource market has bottomed yet (or not) has occupied most of the conferences that I have attended so far this year (2014). At all of those conferences (RIU Freo in February, RIU Sydney in May and Symposium Broken Hill in May), the "mood" has been upbeat.

Feb 2014 - Misleading GDP?

GDP Numbers Misleading?

The equities markets took a material tumble in early February 2014, citing signs of China slowing down, with its official PMI figure down by 0.5 from 51.0 to 50.5 when it was released on 1 Feb (still mirroring the earlier HSBC estimates that are 1.0 lower, and which fell from 50.0 to 49.5)