"This paper discusses maximum present value calculations for a mineral property using digital computers. A semi-quantitative mathematical model to optimize operating conditions is considered. The model is based on a modified cash flow analysis. Many variables affect the solution, and their effect upon present value is described. Selected data (mining rate, costs, reserves, metal sales price, and others) for a hypothetical open pit copper mine are used in a set of solutions for present value. The results are discussed in detail. It is concluded that: (1) Digital computer methods are rapid and useful, (2) Changes in the mining rate, average ore grade, metal sales price and others do affect present value, often severely, (3) Compared to a standard, a higher percentage rate of return may be associated with a lower present value, (4) Time dependent changes in costs may severely affect the valuation model, and (5) More work seems warranted for this type of analysis"--Abstract, page vii.
Proctor, Paul Dean, 1918-1999
Morgan, Ray E., 1908-1997
Christiansen, Carl R., 1921-1997
Beveridge, Thomas R. (Thomas Robinson), 1918-1978
Geosciences and Geological and Petroleum Engineering
M.S. in Geological Engineering
University of Missouri at Rolla
vii, 89 pages
© 1965 James B. Robinson, All rights reserved.
Thesis - Open Access
Library of Congress Subject Headings
Copper mines and mining -- Costs -- Computer simulation
Minerals -- Valuation
Print OCLC #
Electronic OCLC #
Link to Catalog Recordhttp://laurel.lso.missouri.edu/record=b1068735~S5
Robison, James Boyd, "Maximum present value calculations with digital computers" (1965). Masters Theses. 6686.