The Evaluation Of A South African Gold Mineral Rights Portfolio With The Aid Of A Microcomputer

A mineral rights holding can ultimately only be turned to account by the profitable mining of ore on that property. The evaluation of South African gold mineral rights properties must therefore be carried out by assuming that they have potential to form part or all of a future gold mine. Such analysis involves the simulation of many of the estimation procedures that are normally carried out in a full feasibility study of a new mining venture but using far less data. This paper describes in detail the evaluation procedures that may be applied to an individual property and then indicates how these techniques can be applied to a whole mineral rights portfolio.