Risk Analysis, Prospect Evaluation, and Exploration Economics

Our flagship course, taught over four or five days, covers all phases of exploration decision-making, and has been presented hundreds of times worldwide over the past few decades. With a strong practical orientation and abundant use of realistic exercises, we illustrate the applications and mechanics of the various concepts and analytical procedures involved in the evaluation and investment analysis of exploration prospects. Practical application of concepts and methods is demonstrated for participants using real prospects and abundant learning opportunities in which the student can win or lose small amounts of money. Concludes with a comprehensive integrated exercise where up to 36 concessions can be purchased and the prospects assessed are drilled to relate skill and profitability.