The HRA Journal

                                                          Hard Rock Analyst Journal                            

The Gold Standard for Resource Stock Analysis - since 1995                                           
 

The monthly HRA Journal  continues in the famous tradition of The Hard Rock Analyst that began publication in 1995.

Click here for a sample issue

The Journal is where David and Eric really dig deep to give you a complete picture of companies they have hand picked for the HRA list.  Company reviews are several pages long, including extensive information on management, corporate and share structure and details on findings and work to come on the main projects. 

The Journal covers a mix of more advanced companies that are adding value by increasing the size of their deposits and moving them to production, companies in production and explorers. 

Development and production level companies tend to be less volatile but still have significant leverage to commodity price moves and asset growth.  Importantly, well selected companies like this are also prime take over targets by major companies desperate for new mines to meet surging demand for metals during this secular bull market.

We don't ignore exploration plays either.  Every year the Journal introduces readers to select companies that are seeking new deposits.  This is where the  hands on experience of HRA's editors can really pay off.  David draws on his encyclopedic knowledge of geology and mineral deposits  to find the best looking prospects.  Eric checks out the management, finances, share structure and trading history.

Both brothers have to like a company's prospects for it to make the cut.  This unique double pronged approach is part of what makes HRA's screening process so valuable. David chooses projects that can generate results that multiply their values and Eric ensures the company can finance the work required and get the story out to the market when the time comes.

Not Just One Shot Reviews

As you can see from the careful selection process, HRA doesn't just pick a huge batch of companies then crow about a few winners.  Once HRA has reviewed a company it continues to follow it and regularly informs readers of its progress and on any changes in HRA's Outlook  for the company.  Every issue of the Journal contains several pages of updates about HRA list companies.   And when a stock has has reached or exceeded full value or there are good reasons to sell it  that's what the update will say.

In addition to all  this, each issue contains insightful commentary on the geopolitical and economic forces affecting the markets and regular updates on the state of the market for resources in general and specific commodities in particular.

The Track Record Says it All

Eighteen companies were added to the Journal list in 2005 and 2006. This was the first look at some of them but several were seen first by Special Delivery readers at even better prices. The average gain was 77%  or 87% excluding two new picks.  Four of the reviews were companies with major changes where coverage was actually initiated in the Journal at much lower prices.  The average also doesn't include gains from companies spun off to shareholders or higher gains from interim trading calls.  Including these items would bring the average returns well into triple digits.

Returns for Companies - Journal coverage Coverage January 2005 to May 2007

Average excluding new (Dec 06 )picks - 110%, (218% using peak values)  

  Average annualized gain on 14 picks for previous 12 months to June 8th ’07 = 326%.

   ◊ Bear Creek, Mag Silver, C, F, & G were 2nd reviews – gains from 1^st reviews through June 1 2007 were

1330% (1,800% peak)   1172% (2,380% peak), 70% (380% peak),  280% (538% peak), and 165% (578% peak).

 *    Wolfden is being bought out for $3.85; gain accounts for spin out of gold assets at 0.7 shares per Wolfden share

 ** D’s figures do not account for spin out of gold assets at 0.215 shares per D share

  *** K was spun out from an existing pick on the basis of $0.75 per dividend share

Like Buying Blue Chip Shares at a Huge Discount

Many of the companies HRA follows have had enormous exploration success.   In the past couple of years, several of this companies have been the subject of take over offers  by major companies.  In fact, acquiring superior exploration companies early is one of the best ways to end up owning world class resource producers at a steep discount.   To give you but one example, HRA began following Virginia Gold at $0.65.  Once Virginia made its Eleonore discovery, HRA sent out numerous alerts on the company detailing how quickly the gold find was growing and that its was sure to be a prime take over candidate.  That proved correct when Virginia's find was bought out by Goldcorp (G-T, GG-N) at a ratio of 0.4 Goldcorp shares for each Virginia shares.  Readers who bought Virginia based on HRA's early coverage of the discovery were effectively getting 0.4 Goldcorp shares at a price of about $1.50.  This was like buying Goldcorp for about $3.50 a share when it was actually trading for $30!

That wasn't the first company on the HRA list to generate a cut priced holding in a major company and it won't be the last. Several HRA companies are working on important discoveries and major companies are finding it impossible to generate new resources quickly enough in house.  We expect 2007 and 2008 to be record years for mining Merger and Acquisition activity.  HRA readers will be in the thick of it.  Will you?

 

Don't Delay.   Subscribe to HRA now.     HRA Journal, a bargain at $199 for a full year or $380 for two years.   All HRA publications can be ordered using convenient quarterly auto billing to your credit card at no additional charge.

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