Anyone wanting to know mines are valued – from bankers, to miners, geologists, students or stockbrokers. Maybe you already work in a mining related area, but want to get a better understanding of the complete mining cycle: how to get from assays to a valuation, from “from dirt to dollar”.
Don’t know your NPV from your CAT793? Strip ratios/ ROM/ CHPP/ Ash content/ crucible swelling index/ Cast and doze/ SXEW/ Ball mill- no idea what they mean? You will after this course, where we make you do the work: we will be looking at listed company X that has a coal mine and you will create, “from scratch”, a financial model for the coal mine. We will start from the dirt and end up at the dollar i.e. we start with exploration results, and then add typical costs (exploration/ extraction/ processing/ labour/ capex/ port and rail, etc), plus revenue assumptions, to arrive at the mine’s cashflow. We don’t stand up the front and lecture in this course-rather you do the work! You will leave the course knowing how to start with a blank Excel sheet, add the data, and assess the feasibility of a coal project, and have learnt the model structure/architecture for assessing mining projects in general.
Your trainer, Emma McPherson, (Master of Commerce, Sydney University) has worked for mining companies, and continues to be asked by mining co’s to consult on financial modelling assignments, from feasibility studies (BFS to DFS) to project finance models, thus remaining involved in the mining sector. Over 2011-2012 she delivered no training, rather worked full-time for two mining co’s completing financial modelling on >AUS$4 billion of coal and gold assets. This required auditing old models, building new models, updating with new technical data and due diligence, daily interaction with mine managers, chemical engineers, geologists, and mine-site visits – which makes our course curriculum richer than others : we teach the qualitative as well as the quantitative. Another reason is our course is at the cheaper end of such mining courses offered globally.
This course is about more than numbers thus we cover: