Terms of service

Who provides the service

Sable Research is operated by Higley & Sønner, a Norwegian sole proprietorship (enkeltpersonforetak), organisation number 938 262 292, registered in Enhetsregisteret. Our registered business address is Hans Tanks gate 19, 5008 Bergen, Norway. The business also maintains a secondary operating address in Australia. Contact: support@sable-research.com.

These terms cover your research account, platform access and optional community features. The payment seller and separate payment terms are identified in checkout and your receipt. Where Stripe Managed Payments is used, Stripe acts as merchant of record for the transaction; we remain responsible for providing the research service.

What you are buying

Your chosen plan gives access to the research, datasets and tools described at purchase. Coverage varies: an exploration reference, historical study and complete operating model are different forms of analysis. Read the scope, date and assumptions with each output.

You need an internet connection and a current browser with JavaScript and essential session storage enabled. Downloads need software compatible with the stated file format. Discord is optional and requires its own account. We do not promise an individual report for every asset, uninterrupted access or continuous real-time prices.

Read the research disclaimer below for the scope of our content, model limitations, investment risks and conflicts.

Price and renewal

Membership is billed in USD at the monthly or yearly interval selected at checkout and renews automatically until cancelled. Review the billing interval, applicable tax and total payable in checkout before ordering. Your bank may charge currency-conversion fees. Creating an account does not create a paid subscription.

There is no minimum term beyond the current billing period. We will notify you in advance of proposed price changes and provide an opportunity to cancel before they take effect. Changes are not retrospective. Your mandatory rights concerning price changes remain unaffected.

Cancellation and statutory withdrawal

Cancel future renewals through /account/billing or email support@sable-research.com. Ordinary cancellation takes effect at the end of the current paid billing period, with access continuing until then. There is no cancellation fee. Contact support if you cannot use the portal; using it is not a condition of cancellation.

Where EEA consumer law applies, consumers normally have 14 days from entering a distance contract to withdraw. If you ask us to begin supplying Sable Premium digital content during that period, checkout asks separately for your express consent and acknowledgement that you lose that right when supply begins. Accepting these Terms alone is not that consent.

To withdraw, send a clear statement identifying your account and subscription to support@sable-research.com, or use the withdrawal form at /terms#withdrawal-form. No reason or particular form is required. Send your notice before the deadline. An extended statutory deadline may apply if required withdrawal information was missing.

Where a withdrawal right remains and a valid withdrawal is made, we arrange reimbursement without undue delay and within 14 days of receiving notice, using the original payment method unless otherwise agreed. Access ends when the withdrawn contract is terminated. Outside statutory rights, ordinary cancellation does not automatically refund an already started billing period.

We will send consumers a reminder that an ongoing digital subscription is active and can be cancelled at least once every six months, as required by digitalytelsesloven § 33. Mandatory remedies for a missing reminder remain available.

Service problems and changes

Report access problems, incorrect charges or research errors to support@sable-research.com. Include the affected page, date and details needed to reproduce the problem. Never send passwords or card details.

Consumers retain mandatory rights under digitalytelsesloven and other applicable law, including correction, price reduction, termination, repayment or damages where the legal conditions are met. Research uncertainty does not remove rights if the service fails to match what was agreed.

We may maintain and update the platform for security, compatibility, legal requirements and improvements. Material changes affecting access will be explained in advance on a durable medium where required, together with any termination right. Changes do not remove rights attached to a previously paid purchase.

Accounts and use of research

Keep your login secure. Membership is for your own use unless a separate team agreement applies. Do not share credentials, resell restricted research, redistribute paid downloads or bypass access controls. Respect issuer, exchange and other third-party rights in source material; we do not claim ownership of all underlying public facts.

Do not use the service or community for unlawful conduct, market manipulation or disclosure of inside information. We may restrict access when reasonably necessary to address abuse, fraud or a material breach. Where practicable we explain the reason and allow you to resolve it. Suspension does not automatically forfeit statutory refunds or remedies.

Responsibility and disputes

We do not impose a blanket liability cap on consumers.

Norwegian law governs these terms without depriving consumers of mandatory protections applicable in their country of habitual residence. Consumers retain applicable rights about where disputes may be brought; no exclusive Bergen court clause applies.

Contact support@sable-research.com first so we can try to resolve a complaint. Norwegian consumers can seek mediation at https://www.forbrukertilsynet.no/send-sak-til-mekling. Forbruker Europa provides cross-border EEA consumer guidance at https://www.forbrukereuropa.no/.

Research disclaimer

Sable Research's principal purpose is the provision of mining-industry data, company information and analytical tools, together with research and market commentary, for informational and educational purposes. All reports, valuations, analyses, commentary and recommendations are impersonal and are prepared without regard to the investment objectives, financial circumstances, portfolio or particular needs of any recipient. Such content does not constitute personal investment advice or a determination that any security, transaction or investment strategy is suitable for a particular recipient.

Sable Research exercises reasonable care in the preparation of its publications. Information may nevertheless contain inaccuracies or become outdated. Opinions, forecasts and valuations reflect the information available and assumptions stated as at the relevant publication date. Actual results may differ materially from projected outcomes.

Recipients should obtain independent financial, legal or tax advice appropriate to their circumstances before making an investment decision. Sable Research does not provide trade execution or portfolio management services.

Nothing in these terms or disclosures excludes, restricts or modifies any statutory right, remedy, guarantee or liability that cannot lawfully be excluded, restricted or modified.

Canadian recipients

Section 8.25 of National Instrument 31-103 and, in Ontario, section 34 of the Securities Act provide an exemption from adviser registration for advice that does not purport to be tailored to the needs of its recipients, subject to the applicable statutory conditions. The exemption encompasses impersonal recommendations concerning specific securities, valuations and subscription research. The receipt of subscription fees does not, of itself, preclude the exemption.

Sable Research provides its publications to Canadian recipients on an impersonal basis, as described above. Relevant holdings, financial interests and compensation are disclosed in connection with the applicable recommendations in accordance with Canadian securities law.

Sources, assumptions and valuation limitations

Issuer filings and technical reports constitute source material and do not guarantee future production or financial performance. Proprietary estimates, commodity-price scenarios, discount rates and forecast schedules are modelling assumptions. Outputs must be considered together with their accompanying sources, methodology and qualifications.

Market-price and calculation timestamps do not establish the currency of underlying reserve estimates, costs, indebtedness or share counts. Historical studies may reflect superseded costs and mine schedules. Exploration assets designated as reference-only do not constitute completed feasibility assessments or cash-flow models.

Mineral resources and mineral reserves are distinct classifications. Inferred resources are subject to greater geological uncertainty and may not become economically recoverable. Resource and reserve estimates may overlap and are not necessarily additive. Attributable shareholder value is affected by ownership interests, royalties, streams, financing obligations and dilution.

Net present value, internal rate of return, sensitivity analyses and simulations are dependent on their underlying assumptions. Scenario ranges do not represent statistical confidence intervals unless expressly identified and substantiated as such. Valuation outputs do not constitute assurances of future security prices or investment returns.

Investment and model-portfolio risks

Natural-resource investments are subject to commodity, currency, liquidity, financing, dilution, geological, operational, political, permitting and environmental risks. Projects may be delayed or abandoned, and investors may lose their entire investment.

Model-portfolio performance represents research records and does not represent returns realised by individual subscribers. Performance must be assessed by reference to the disclosed methodology, including valuation dates, portfolio weights, cash flows, prices, dividends, currencies and excluded costs. Past performance and backtested results are not reliable indicators of future performance. Historical portfolio selections do not constitute current investment recommendations.

Authorship and conflicts of interest

Report-specific disclosures identify authorship, completion dates, relevant holdings, issuer relationships, compensation and other conflicts of interest. These general disclosures do not replace the disclosures accompanying an individual publication. An omitted disclosure must not be construed as confirmation that no relevant interest or conflict exists.

Enquiries concerning sources, calculations or disclosures may be directed to support@sable-research.com, identifying the relevant publication or page.

Withdrawal form / Angreskjema

You can use this form or send your own clear statement of withdrawal.