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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 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)

Dec 2013 - Gold and Money

Gold and the Business of Making Money

Most Chinese gold company presenters were bearish at the China Mining 2013 Conference held in Tianjin in early November 2013, believing that gold would probably trade between $1200 and $1400 (or $1500/oz) for the next 2 years. CRU were more bearish, perceiving gold to trade at ~$1200/oz in 2017 (becoming effectively $1130/oz in real money terms).