The latest data underlines what is a deteriorating trend - on average proven and probable gold reserves slipped by 12% from 2013 to 2014 among the top five gold miners. The reserve declines ranged between 9% and 20%, representing between 5 million and 11 million ounces gold.

So, how often have you heard a company representative say "we are undervalued with respect to our peers"? It is a comment we have heard a lot in our time as analysts, and the company may well be undervalued as compared to its peers - but there often is a reason for this and more often than not the market is correct.

TNG has continued to make good progress on the DFS and commercialisation of its Mount Peake V-Ti-Fe Project in the Northern Territory of Australia. Key recent advancements include the signing of binding offtake and technology transfer term sheets with WOOJIN, a major player in the global vanadium field, and a potential financing and development partner.

Forte has recently commenced drilling on its high quality Sledgehammer and Szarbs prospects, which have been delineated through a methodical and thorough exploration programme completed largely during the 2014 field season. Both prospects, which are compelling targets, exhibit coincident geological, geochemical and geophysical anomalism; in the case of Sledgehammer akin to low to medium sulphidation epithermal mineralisation, and in the case of Szarbs both Mount Carlton style high sulphidation epithermal mineralisation and diatreme hosted mineralisation similar to the Mount Leyshon deposit, which is of a similar age to the Johnnycake geology.

A quick easy to follow list of some of the main mining conferences being held in Australia that as an investor you should attend.

No new IPO's or floats of interest, but interesting reading regarding the commodities market during March.

Rox Resources has a high quality portfolio of exploration projects, with several having potential to become "company making" assets. The encouraging Fisher East Scoping Study sets out attractive economics and provides confidence to commence pre-feasibility studies. The Bonya copper project is also shaping up as becoming a significant asset within the exploration portfolio, with recent drilling intersecting meaningful widths of high grade copper sulphide mineralisation.

Orion Gold is a well-credentialed ASX-listed exploration company focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces.

Orinoco has commenced development of its 70% held, fully permitted Cascavel Gold Project in Goi's State, central Brazil. Funding has been sourced through an innovative gold sharing financing package, which maintains fair returns to the Company and shareholders.

We have set what should be an achievable share price target within the coming year of 50c (in April 2014 our target was 25c), especially if Gold Road makes another discovery somewhere along its Yamarna greenstone belt. Gold Road's Gruyere discovery has been simply spectacular