How Exploration Creates Value: A Simple One-Period Framework
Imdex Xplore Tech Symposium
January 20, 2023
Greenfield and brownfield exploration is fundamental for a successful mining industry. Yet, it is hard to find mining professionals who can clearly articulate how exploration creates value. This presentation corrects this oversight with a simple one-period model that demonstrates how exploration is a learning option that creates value through information-gathering. A case study, loosely based on Seabridge Gold’s KSM project, illustrates how exploration and improving exploration technology is a valuable company activity.
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