Conference Proceedings
1997 AusIMM New Zealand Branch Annual Conference
Conference Proceedings
1997 AusIMM New Zealand Branch Annual Conference
Risky Business: The Essential Blending of Financial and Scientific Skills in the Modern Resources Sector
Modem mineral exploration and
development takes place within a data-rich context underpinned by a wide range
of data acquisition, processing and interpretation technologies. This leads to
requirements for consistent and explicit methods by which the relative risks -
or success probabilities - of exploration programs can be assessed and
communicated. Bayesian risk assessment methods are outlined which provide a
starting point for this more rigorous approach to exploration investment.
Effective governance of information
technologies becomes a core function of the modem competitive Board. As such it
becomes a component of any business audit and any assessment of the quality and
success potential of a company. Limited data however suggest that the average
Board may be under-represented in this increasingly critical skill
area.
development takes place within a data-rich context underpinned by a wide range
of data acquisition, processing and interpretation technologies. This leads to
requirements for consistent and explicit methods by which the relative risks -
or success probabilities - of exploration programs can be assessed and
communicated. Bayesian risk assessment methods are outlined which provide a
starting point for this more rigorous approach to exploration investment.
Effective governance of information
technologies becomes a core function of the modem competitive Board. As such it
becomes a component of any business audit and any assessment of the quality and
success potential of a company. Limited data however suggest that the average
Board may be under-represented in this increasingly critical skill
area.
Contributor(s):
R W Henley
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- Published: 1997
- PDF Size: 0.733 Mb.
- Unique ID: P199709006