How to develop an optimum metallurgical project

The importance of metallurgical information in reaching appropriate decisions during the development of mining projects is demonstrated. A financial analysis is calculated using discrete system simulation. The results are compared to the results of a traditional sensitivity analysis. The traditional analysis is shown to have the potential to overestimate the value of mining projects. The type of statistical distribution used in a random number generator affects the results significantly. The statistical method of analysis provides insight into the amount of metallurgical testing needed and provides verification of how representative the samples are.