A.D. Akbari

[ 1 ] - Determination of Ultimate Pit Limits in Open Mines Using Real Option Approach

Planning and design procedure of an open pit mining project just can be started after ultimate pit determination. In the carried out study in this paper it was shown that the most important factor in ultimate pit determination and in consequence in the whole planning and design procedure of an open pit mine is the metal price. Metal price fluctuations in recent years were exaggerated and impose...