Economic Evaluations in Exploration is ideal for the economic geologist who deals with the evaluation of deposits at an early stage of development. It offers rules for quick and easy calculations based on the application of approximate data.
It provides either a student or a geologist in the field with a complete set of rules and methods to enable performance of a quick initial evaluation of the deposit without the support of specialists or computers.
All rules for calculations are illustrated with examples, mistakes, and pitfalls the authors encountered during their careers. The case histories, exercises, metal prices and terminology, especially concerning reserves and resources, have been fully updated in this second edition.
New chapters discuss the life time of deposits, derivation of interest rates for the net present value calculations, the influence of political risk, and the evaluation of mineral prospects without known mineralization.