22July2010

www.globalspeculator.com.au

GOLDNERDSRESEARCHSTOCKPERFORMANCE REVISITED
Onthe1Sep2009,wewroteanarticlerevealingalistofourTop5Australiangoldproducingcompaniesforresearch purposesusingparametersfromthe25May2009ProversionofGoldNerds: http://www.globalspeculator.com.au/documents/Top5goldstocksrevealedusingGoldNerdsPro.pdf Todaywewillreviewtheperformance.

THERESULTS
GOLDNERDSTOP5PRODUCERS
CompanyName SilverLake LionSelection/Catalpa* Kingsgate TroyResources TribuneResources Average Code SLR CAH KCN TRY TBR 25May09 0.58 0.96 5.90 1.55 0.86 18Jun10 1.97 1.61 10.50 2.48 1.10 Return 243% 121% 78% 60% 28% 106%

*LionSelectionmergeditsgold assetswithCatalpareturning$0.50incapitalandexchanging1Lionsharefor1Catalpashare.Includedinthereturn.

COMPARATIVELISTOFAUSTRALIANGOLDPRODUCERS
CompanyName SilverLakeResources OceanaGold MedusaMining LionSelection/Catalpa* Kingsgate FocusMinerals DragonMining TroyResources AvocaResources ResoluteMining StBarbara LihirGold TribuneResources NewcrestMining CoeurDAleneMines AlliedGold NortonGold BendigoMining DominionMining Average Code SLR OGC MML CAH KCN FML DRA TRY AVO RSG SBM LGL TBR NCM CXC ALD NGF BDG DOM 25May09 0.58 1.14 1.72 0.96 5.90 0.03 0.06 1.55 1.71 0.69 0.26 3.18 0.86 31.39 19.25 0.43 0.26 0.28 4.71 18Jun10 1.97 3.77 4.45 1.61 10.50 0.05 0.09 2.48 2.56 1.03 0.38 4.35 1.10 35.24 18.00 0.37 0.20 0.21 3.08 Return 243% 231% 159% 121% 78% 71% 60% 60% 50% 49% 46% 37% 28% 12% 6% 14% 23% 25% 35% 60%

*LionSelectionmergeditsgoldassetswithCatalpareturning$0.50incapitalandexchanging1Lionsharefor1 Catalpashare.Includedinthereturn.

TheGlobalSpeculator

Volume1,Issue4,5June2006

22July2010
www.globalspeculator.com.au

InNovember2009,we didaGoldNerdspresentationattheGoldStandardInstituteconferenceinCanberrawhere a Top5listofdevelopmentstagecompanieswasalsorevealedusingthesame25May2009GoldNerdsdata: http://www.globalspeculator.com.au/documents/TheGoldStandardInstituteGoldNerdsPresentation_000.pdf

THERESULTS
GOLDNERDSTOP5DEVELOPERS
CompanyName MatsaResources Saracen AdamusResources A1Minerals ConquestMining Average Code MAT SAR ADU AAM CQT 25May09 0.11 0.21 0.34 0.19 0.40 18Jun10 0.27 0.44 0.54 0.25 0.35 Return 145% 110% 59% 29% 14% 66%

COMPARATIVELISTOFAUSTRALIANGOLDDEVELOPMENTSTAGECOMPANIES
CompanyName PerseusMining MatsaResources Saracen Red5 AndeanResources AdamusResources RegisResources LeyshonResources CGAMining A1Minerals MilleniumMinerals Envirogold ConquestMining IntegraMining RameliusResources NavigatorResources GoldOne Citigold Average Code PRU MAT SAR RED AND ADU RRL LRL CGX AAM MOY EVG CQT IGR RMS NAV GDO CTO 25May09 0.88 0.11 0.21 0.09 1.98 0.34 0.57 0.14 1.75 0.19 0.02 0.05 0.40 0.34 0.6 0.24 0.44 0.18 18Jun10 2.35 0.27 0.44 0.15 3.48 0.54 0.86 0.21 2.27 0.25 0.03 0.05 0.35 0.27 0.47 0.18 0.30 0.10 Return 169% 145% 110% 76% 76% 59% 52% 46% 30% 29% 25% 20% 14% 19% 22% 25% 33% 43% 38%

TheGlobalSpeculator

Volume1,Issue4,5June2006

22July2010
www.globalspeculator.com.au

When you study the performance of our two Top 5 lists above, you can see the results were quite compelling. The Producers list outperformed a comparative list of companies by a substantial 46% with an average return of 106% versusjust60%.4ofour5companieswereintheTop8performersonanoverallbasis.SilverLakeResources,the bestperformer,wasalsoinourlist. Lookingattheperformancesofthedevelopmentstagecompanies,wefindourlistoutperformedthecomparativelistby 28%, with an overall return of 66% versus 38%. Masta Resources, our top performer, was second only to Perseus Mining.InthepresentationdowninCanberra,wedemonstratedtotheaudiencethevalueoftheGoldNerdsproductby showing how the release of the Ayunfuri (now called CAPG) feasibility study for Perseus in July 2009 sent the company to number 1 on our list, once the numbers had been integrated into the spreadsheet (updates are mostly fortnightly).Thesharepriceactuallyfellwhentheresultcameout,givingastuteinvestorsplentyofopportunitytotake advantage.4ofour5companiesmadeitintothetop10ofthecomparativelistandifyouincludePerseus,weget4 companiesintheTop6. Again, this is a pretty reasonable result given these companies were only a short list using quantitative analysis (numbersonly)andnothingelse.Noqualitativeanalysiswasdonewhatsoever.Itisuptotheinvestortodohisorher ownanalysisindeterminingwhetheraninvestmentisrightforthem.

WASTHISAFLUKE?
Thereisofcourseachancethatwegotluckywithourlistsandthenumbershadverylittletodowiththeresults.Thisis whywearegoingtotrytheexerciseagain.Wehavemadesomeadjustmentstothescoringparametersbut,byin large,theywillbe verysimilar.Wehaverecentlyreleasedareportdetailingthreenewlistsforthecoming12month period,madeavailableexclusivelytoourGoldNerdsProsubscribers.Thisreportwilldetailtheparametersusedto compilethelistsaswellastheresults.ThereisanAustralianandalsoaNorthAmericanversionmadeavailabletoour respectiveGoldNerdsProsubscribers.Justtoreiterate,ourshortlistsdonotrepresentrecommendationsassuch.The GoldNerdsspreadsheetissimplyatoolallowinginvestorstoefficientlysortthroughasignificantamountofpublically availableinformation,inordertoshortlistappropriateinvestmentcandidatestoresearchfurther.Aswehaveseenin theresultsabove,however,quantitativeanalysisonitsowncanbeusedtoverygoodeffect.Ifyouarenota GoldNerdsProfessionalsubscriberandwouldlikeaccesstothisvaluablePDFreportIencourageyoutosubscribe usingthefollowinglink: http://goldnerds.com.au/o/component/option,com_oscommerce/osMod,index/cPath,1/Itemid,44/ TroySchwensen ResearchAnalyst www.globalspeculator.com.au EditorofGNNorthAmerica www.goldnerds.com.au

DISCLAIMER
Thispublicationhasbeenpreparedfromawidevarietyofsources whichtheeditortothebestofhisknowledgeand beliefconsidersaccurate.Theeditordoesnotwarranttheaccuracyoftheinformationandforecastscontainedinthis publication. This information is provided for educational purposes and nothing written should be construed as a solicitationtobuyandsellsecurities.

TheGlobalSpeculator

Volume1,Issue4,5June2006