Evaluating The Economics Of Development Alternatives Early In The Project Feasibility Process

Cost estimating and economic evaluation software provide evaluators with the ability to predict the profit potentials associated with mine design alternatives even during project exploration and prefeasibility. Examining a multitude of development alternatives early on serves to identify aspects critical to profitability and to increase the reliability of economic projections. A case history illustrates how Sherpa Cost Estimating Software, when used in conjunction with Apex Software for Economic Evaluation, significantly enhances an evaluator's ability to examine design alternatives in a timely and reliable manner. The costs and economic impacts associated with various access routes, production rates, equipment mixes, and stoping methods are projected.