Webinar: Applying scenario simulation and measuring financial metrics for block caving
Learn about how to apply scenario simulation and measure financial metrics for block caving.
About this event
In evaluating a block-caving project, one of the most important strategic decisions is the location of the extraction level. This evaluation is complex for a single lift; therefore, finding the optimum combination of multiple lifts is much more challenging and, in most cases, sub-optimal since the decision is largely influenced by the selection of one of them and not the overall value.
This presentation proposes the option to simulate as many scenarios as possible, analysing the size of each lift based on multiple evaluations using variable shut-off grades and production rates. This analysis enables exploring many strategies and using the hill of value technique to identify areas of optimum solutions in a reasonable time. In addition, the decision will consider financial investment metrics like Net Present Value (NPV) and Internal Rate of Return (IRR). This methodology is demonstrated with a real case to show the potential impact on the value of the project.
Date and Time
1.00pm – 2.00pm (UTC+10:00)