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dc.contributor.authorElkington, T.
dc.contributor.authorGould, John
dc.date.accessioned2017-01-30T14:47:38Z
dc.date.available2017-01-30T14:47:38Z
dc.date.created2012-06-14T20:00:51Z
dc.date.issued2011
dc.identifier.citationElkington, T. and Gould, J. 2011. Optimisation with options. Mining Technology. 120 (4): pp. 233-240.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/41024
dc.identifier.doi10.1179/1743286311Y.0000000013
dc.description.abstract

We provide a valuation framework for mining projects incorporating options to vary mining, processing and stockpiling rates, options to alter processing and stockpiling cutoff grades, options to expand mining and processing capacities and the option to abandon. Each of these real operating options is exercisable in response to price variability for the mineral being mined. With a case study application, we demonstrate that project optimisation with recognition of real options (versus without) entails: increased project value, as expected; and, at project outset, prescription of lower processing capacity (with lower associated capital expenditure), higher processing cutoff grade and greater use of stockpiles.

dc.publisherInstitute of Mining and Metallurgy
dc.titleOptimisation with options
dc.typeJournal Article
dcterms.source.volume120
dcterms.source.number4
dcterms.source.startPage233
dcterms.source.endPage240
dcterms.source.issn1474-9009
dcterms.source.titleMining Technology
curtin.note

Copyright © 2011 Institute of Materials, Minerals and Mining

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curtin.accessStatusFulltext not available


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