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Key Benefits of Attending
At the end of this course delegates will have developed a reasonable understanding of:
- The fundamental difference between Cash (Management) Accounting and Financial Accounting on an accrual basis and how to extract cash figures from the latter.
- How to construct simple Discounted Cash Flow (DCF) models of mining projects in both nominal (inflated) and real dollars under assumed certainty.
- Investment choices based on the main DCF criteria of value (e.g. NPV, IRR, discounted payback etc.)
- The role of equity and debt in funding projects to generate financial leverage and how to handle them in DCF analysis.
- The concept of risk, our attitude to it and how to make decisions under uncertainty using either the expected value or the expected utility (preference) value criteria.
- How sensitivity and scenario analysis, and Monte Carlo simulations are conducted.
