$PNRL : Paringa Resources TAC 15 Analysis

Low cost, under-the-radar 1/50 US ADR with a tiny free-float could surprise on the upside as coal production ramps up and long-term sales contracts are signed.

PARINGA RESOURCES (1/50 US ADR)

COST TO ACQUIRE = US $0.26/TONNE
COST TO BUILD = US $0.33/TONNE
AISC = US $29.24/TONNE

TOTAL ACQUISITION COST = US $29.83/TONNE

PRICE TAG* = US $599,135,550 OR US $84.74/SHARE

PARINGA RESOURCES (50/1 ASX LISTING)

COST TO ACQUIRE = AUD $0.42/TONNE
COST TO BUILD = AUD $0.47/TONNE
AISC = AUD $41.25

TOTAL ACQUISITION COST = AUD $42.14/TONNE

PRICE TAG* = AUD $846,381,900 OR AUD $2.39/SHARE

*Free-Float Methodology

Goldmining Inc. — Yellowknife Gold Project Revised Assumptions

Assumed Gold Price = $1,500 Au
Estimated AISC = $900/oz.
Resource Estimate (Inc. 50% of Inferred) = 1,428,500 ozs
Metallurgical Recovery = 90%
Gross Revenue = $1,928,475,000
Pre-Tax Operating Profit = $771,390,000
NWT Mining Tax (15%) = ($115,708,500)
Income Tax (26.5%) = ($204,418,350)
After-Tax Cash Flow (LoM) = $451,263,150
Projected Value of Project = U.S. $2.91/sh.

Based upon updated mineral resource estimate prepared by SRK Consulting.

$GVXXF : GoviEx CEO Daniel Major responds to an inquiry regarding the impact of the ’19 Zambian Tax Proposals on the Mutanga #Uranium Project, courtesy of Rob Rice:

Deep Value Grades for Requested Uranium Issues

Wherein an A+ implies the very deepest of present value in terms of Value of Resources by Fully-Diluted Market Cap.

Deep Value Grades

Beware the Deep Value Trap

Just because it has a good letter grade doesn’t mean it isn’t a deep value trap. It’s up to you to find out why lbs. of this or ozs. of that are on sale. After all, some of the cheapest uranium lbs. by market cap available could prove the most expensive you ever buy.

Learn more about the Deep Value Grading System: https://blog.fahy.co/dvg/