ERA

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.

May 2013 - China Rail

Give the contract to the Chinese

The latest proposed Australian Government plan for high speed rail between Sydney and Melbourne via Canberra (and including up to Brisbane) was released for discussion on ~10 April 2013 at an expected cost of $114bn with the first leg (to Canberra ready by 2030) and completion by 2053. Involving 144km of tunnels of which 67km of tunnel would be through Sydney.

Apr 2013 - Commodity Prices

Commodity Prices have to be weak in 2013 !

....or at least that seemed to be the message that had been given to Chinese presenters ahead of last years' China Mining Conference in Tianjin in November 2012. Basically the Western presenters were relatively bullish, while the Chinese presenters were bearish about the prospects for most commodities during 2013.

Mar 2013 - Conspiracies?

GOLD - the latest conspiracy theory - China ?

Gold has passed through various conspiracies holding it back such as the central banks (who famously once stated at a conference in Kalgoorlie that "we control the gold price"), and repeatedly announced that they were selling, together with encouraging hedging which was akin to pouring oil on troubled water or basically removing the volatility.

Nov 2012 - Sirius "Sandfire" ?

Sirius - Another "Sandfire" ?

It is often stated that Australia has been "well-picked-over" and everything major has already been discovered, but yet two very different orebodies have been discovered that are completely different to anything we have encountered before in Australia and other parts of the world, being Sandfire's DeGrussa mine in copper mineralisation and now Sirius' Nova discovery in nickel mineralisation, both in WA.