Course Details
- Presenter:
Dr. Scott Dunbar
- Dates:
- Duration:
2-day course
- Location:
Vancouver, BC, Canada
- Fees:
CAD 1500
- Delegates:
20 Max
- How to Register
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Course Availability
Next Course:
18 - 19 January 2010
Seating Still Available:
 Yes No
For alternative dates, check
our course details (right).
Mining Economics
by Dr. Scott Dunbar
Provisional Schedule
Instruction will take place from 9:00AM to 5:00PM each day, with a lunch break from noon to 1:00PM and 15 minute snack breaks in mid-morning and mid-afternoon.
Day 1
| Introduction |
| Basic concepts of discounted cash flow, example cash flow calculations, mine cash flow model, examples of valuations |
| Discount Rates |
| Systematic and unsystematic risks, the capital asset pricing model |
| Valuation of Project Finance |
| Capital structure, equity and debt financing, weighted average cost of capital, flow to equity, adjusted present value |
Day 2
| Metal Markets and Prices |
| Metal markets and pricing mechanisms, Metal price models and examples, Smelter and refinery contracts |
| Mining Costs |
| Capacity factoring, Cost models, Activity-based costing, Strategic and tactical decision making using costs |
| Uncertain Input Parameters |
| Uncertainty and risk, Monte Carlo methods, Examples |
| Real Options |
| Types of real options, binomial lattice methods, mine valuation by real options - examples, real options as a design paradigm (real options in real mines).
Spreadsheet models showing the methodologies employed and examples will be provided. Access to an Excel add-in called Insight, used for Monte Carlo simulation, will be made available for a limited period.
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Registration form
