BRIMM203: Real Options vs. NPV: Risk Management in Mining Decision-making

The goal of this course is to help participants decide whether they want to pursue the full Executive Microcertificate, while still teaching core concepts that will be useful for any career in the industry as a stand-alone course. This is the foundation course for the program. We are going to tie together our 4 core themes – sustainability, exploration, mineral processing, and finance, into a common economic thesis.

BRIMM102 is all about the variables that go into mining finance. We are going to talk about modeling; we are going to talk about commodity prices and risk. Cost of capital will get covered, and how we compete for money, lag time, cycle time, and the core issues with building a balance sheet. Finally, we are going to talk about the difference between accounting and actual profits.

The goal of BRIMM103 is to capture the gap between sustainability and financial decision making. Good decisions can be both sustainable and deliver to the economic bottom line, Excellent decision making delivers to all of the triple bottom lines. This course will leave you with the ability to write a sustainable business statement in the mining industry around any decision you make for your company.

This course will teach about commodity markets and how they impact mining, exploration, and corporate decisions. The goal is to deliver focused information that helps decide the value of a project independent of its short-term cash flows, stock price, or promotion. The two case studies will build on the first three classes, contrasting gold vs. base metal markets fundamentals.

The goal of BRIMM201 is to look at more depth into the economic benefit of conducting plant upgrades. By working through case studies around the main plant economic drivers the course aims to give the participant an appreciation of the main variables, their interaction and how potential changes can affect not only plant profitability but sustainability of the operation.

BRIMM206 builds off the sustainability economics foundations introduced in BRIMM103. It takes a close look at a number of topics relating to sustainability and the mining industry including ore bodies as a common, energy efficiency, carbon pricing, tailings dams and their impact. It is the capstone course in the sustainability specialization relating all of these issues to economics, stakeholders, the environment and our license to operate.