Worth Investing? Aussie Geologist Demystifies Mining Announcements

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Aussie Geologist shows what to look for in gold and iron ore company announcements.

An Australian resource geologist has launched a new educational tool aimed at leveling the playing field for mum and dad investors wanting to cash in on the nation’s mining boom.

Perth-based geologist Jason Barnett has spent the past decade working in underground and open-cut mines in Australia and Canada, producing top-level resource estimates for various commodities including gold, iron ore, copper and nickel.

His new books, ‘Understanding Gold Announcements’ and ‘Understanding Iron Ore Announcements’ set out the key features of economically viable mineral deposits and enable inexperienced investors to confidently interpret company resource reports.

“Mining companies release results all the time, and the truth is, those results can have a real, material impact on share price,” he explains.

“Unfortunately, their reports are often hard to understand if you’re not an engineer or an experienced trader, and can be quite misleading for the ordinary investor.

Being able to interpret these results can mean the difference between identifying a good potential investment and a bad one.”

Barnett says he developed the educational books after realising that even the most basic information about mining exploration and iron ore bodies was out of reach for most Australians.

“I couldn’t find any information that ordinary people could access; it’s usually the kind of detail that’s circulated in the upper echelons of resource companies or discussed behind board room doors.”

His two books, on interpreting gold and iron ore bodies, are based on Barnett’s own mining and commodities experience, as well as a series of interviews with top-level mining executives around the world.

Many of the interview subjects spoke to Barnett, on the basis of anonymity, because they backed his vision of demystifying the resource exploration process for ordinary Australians.

“A lot of these guys are fed up with companies issuing reports written purely to impact their share price, rather than as part of the regulatory reporting process,” he explained.

“The books are unbiased, simple, and easy to read, and can really give pretty much anyone an understanding of basic mining and resource exploration principles in an afternoon.”

He is currently working on two more books, targeting copper and nickel commodities.

Barnett warns, however, that knowing how mining companies report their resource results and being able to interpret their discoveries doesn’t necessarily guarantee a meal ticket at the table of Australia’s current mining boom.

“There are still many factors that go into a profitable trade, like the company’s executive management, global conditions, and other pressures on the market day-to-day.”

Barnett’s books are available online at http://www.marketsensitive.com.au for $39.95.

For more information, samples of the books, media interviews, or high-res images, call Jason Barnett on 0427 710 423.

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