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:

$TMRC – Texas Mineral Resources: Relative Projected Market Cap Valuation

@ $65/lb. U308 = $10.01

@ $28/lb. U308 = $4.31

Texas Mineral Resources presently trades at a mere 4.6% of intrinsic value ($4.31) at today’s spot uranium prices, cementing it in the pantheon of U.S. development-stage companies as among the most grossly undervalued.

$TMRC Resource Estimate (Uranium, ex-REEs)


Corporate Presentation

NI 43-101