Masters Theses

Abstract

"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.

Advisor(s)

Proctor, Paul Dean, 1918-1999

Committee Member(s)

Morgan, Ray E., 1908-1997
Christiansen, Carl R., 1921-1997
Beveridge, Thomas R. (Thomas Robinson), 1918-1978

Department(s)

Geosciences and Geological and Petroleum Engineering

Degree Name

M.S. in Geological Engineering

Publisher

University of Missouri at Rolla

Publication Date

1965

Pagination

vii, 89 pages

Rights

© 1965 James B. Robinson, All rights reserved.

Document Type

Thesis - Open Access

File Type

text

Language

English

Subject Headings

Copper mines and mining -- Costs -- Computer simulation
Mine valuation
Minerals -- Valuation

Thesis Number

T 1758

Print OCLC #

5968420

Electronic OCLC #

797164747

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