Appraisal of Engineering Phases of a Mineral Asset: From Exploration to Mine Approval

It is well known that the most common methodology for evaluating a mineral asset NPV. Most of mining companies employ this technique expected economic benefits provided by exploration and exploitation deposit. However, also wish to know how their assets are creating value through several development phases. The purpose being assess progressive in agreement with information data cumulated different steps from project approval. This paper establishes copper deposit successive phases feasibility approval using options’ binomial nodes framework. Results applied two negotiations method validation.