See how an industry is valued, then run the numbers yourself.
Thirty-three industries, each with a primer and the Excel model that runs its worked valuations.
From £25 a primer · £59 with its Excel model · £159 for all three in a sector
- free guides
- 246
- company profiles
- 192
- pages across the primers
- 1,372
- Excel model sheets
- 393
Eleven sectors, thirty-three industries
Each sector page holds its industries' free guides, company profiles and primer.
Inside a primer
Cost curves and reserves are the inputs. This primer takes them to a per-mine NAV.
Mining Sector Primer · 2026 Edition · data as of June 2026
- 15 sections, WGC cost curve
- 44 pages
- single mine + three-mine sum-of-parts
- 2 worked NAVs
- producers, a developer and an explorer
- 6-company set
- Worked valuations
- Each primer carries its methods from first input to final number in worked examples and applied cases. The calibrations are illustrative, not fair-value estimates for any company.
- The Excel model
- Each primer has a companion Excel model that runs its worked valuations live: change an input and the value moves.
- Dated editions
- Every primer page states its edition and the month its data runs to, so you know what the figures describe.
Educational material. Nothing here is investment advice or a recommendation on any security.
Newest guides
- Net Revenue Retention: How Filers Define It Software · 15 October 2026
- Gross vs Net Revenue Retention Software · 15 October 2026
- Usage-Based Pricing and Net Retention Software · 15 October 2026
- Rule of 40: Which Margin Goes In Software · 15 October 2026
- Stock Pay as a Share of Revenue in Software Software · 15 October 2026
Company research
See our methodology in action. Each profile applies the frameworks from our primers to a real public company.





















