How do development, production, grade, recovery, and commodity-price assumptions shape the mine plan?
Model profile
Large Platinum Mining
Large-scale open-pit PGM mine on the Bushveld UG2 reef: a reserve-constrained mine plan, a 4E concentrate sold to a smelter under a purchase-of-concentrate agreement, nickel, copper and chrome by-products, cost per 4E ounce net of by-product credits, South Africa's sliding-scale royalty, project finance with cover ratios, IFRS three statements, and a partnership waterfall, set up for South Africa or any country you choose.
Decision scope
Questions this model helps you examine
What capital, operating cost, closure provision, and financing structure are required?
How do price, grade, recovery, cost, and schedule downside cases affect investment returns?
Model capabilities
What this model includes
The profile below is generated from the same catalogue and workspace definitions used by the application.
- Reserve-constrained mine plan with reef dilution, ore loss, ramp-up and a strip ratio that rises as the pit deepens
- The 4E basket by prill split, with a recovery, a payability and a price for each of platinum, palladium, rhodium and gold
- Nickel and copper by-products and a 42% chrome concentrate co-product with its own logistics to China
- Purchase-of-concentrate economics: payable metal, transport to the smelter, and the three-month payment pipeline
- C1 cash cost and all-in sustaining cost per 4E ounce, gross and net of by-product credits
- South Africa's MPRRA sliding-scale royalty with the 150 ppm gross-up for PGM concentrate
- Project finance: sculpted, annuity or equal-instalment repayment, DSRA, DSCR, LLCR, PLCR and reserve tail
- IFRS three statements with units-of-production depletion, IFRIC 20 stripping, IAS 37 rehabilitation and deferred tax
- Named scenarios, goal seek, credit stress thresholds, tornado, VaR/CVaR, correlated Monte Carlo, and an expansion decision tree
Build the case
Inputs and workspaces
- AssumptionsMine plan, 4E basket, concentrator, smelter terms, price deck, chrome, cost stack, royalty, closure, tax, and cost of capital
- Development budgetLand, hard and soft cost lines with spend curves and depreciation basis
- FinancingSenior facility terms, funding cascade, and the partnership
- AnalyticsNamed scenarios, goal seek, correlated Monte Carlo, and the expansion decision tree
Review the result
Outputs and analysis
- Project NPVUSD
- Project IRRUnlevered, after tax
- Equity IRRLevered
- Limited partner IRRAfter the waterfall
- General partner IRRAfter promote
- Equity multipleMultiple on invested equity
- EBITDA marginFinal producing year
- Minimum DSCRLowest year
- 19 additional metrics in the workspace
- Financial statementsDetailed schedules
- Mine plan, financing & valuationDetailed schedules
- Risk & analyticsDetailed schedules
Designed for review
Who this model is for
- Mine owners and project sponsors
- Technical and operating teams
- Financial advisers
- Investors and lenders
Governed evidence
The review trail stays with the result.
Each completed calculation preserves the model version, saved inputs, reporting-currency snapshot, immutable run, and result fingerprint used for its reports.
- Version-controlled calculation logic
- Saved assumptions and scenarios
- Immutable calculation runs
- Reporting context preserved in exports
Ready to explore the case?