Evaluating Mineral Projects: Applications and Misconceptions
Designed to complement traditional engineering texts, this book emphasizes the concepts of mineral project evaluation rather than computational details. It describes various economic evaluation techniques typically employed (including conventional cost analysis, discounted cash flow, and option analysis); their uses; and their relationships with geological, technological, and financial evaluations. Discussed are the strengths and weaknesses of common evaluation methods. This book explains the practical difficulties in conducting an analysis and correctly interpreting the results, as well as the use of alternative techniques. Because many existing texts do not adequately discuss the meaning and application of merit measures such as net present value or internal rate of return, this book represents an exciting departure from standard reference tools.
By Thomas F. Torries. Published by SME in 1998. 172 pages.
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