PROJECT ECONOMICS & INVESTMENT ANALYSIS
Understand value and risk before you commit capital.
We independently analyze the economics of mining projects and acquisitions, showing what drives value, how risks affect returns and which options justify your capital.
BEHIND THE INVESTMENT CASE
An attractive investment case can rest on optimistic assumptions. Understand what drives value, how risks interact and whether another option offers a better use of capital.
Value.
What is the asset really worth?
Understand the cash flows behind the valuation, the assumptions driving returns and the opportunities to create additional value.
Assumptions.
Do the assumptions hold up?
Assess whether production, cost, schedule and infrastructure assumptions are credible, consistent and supported by evidence.
Risk.
What could change the outcome?
See how interacting risks affect value, timing and funding needs, and which mitigation options strengthen the investment case.
Capital.
Which option deserves investment?
Compare projects, acquisitions and expansions against your strategic priorities, available capital and the value of alternatives.
ENGAGEMENT OPTIONS
The right analysis for your investment decision.
Economics and Model Review
Independent scrutiny before your next capital decision.
We review your mining financial model, check key calculations and challenge material assumptions against the evidence. We identify value drivers, test risk scenarios and explain whether the economics support your decision and what needs resolving.
What you receive:
- Decision memo and recommendations
- Assumption and issue registers
- Sensitivity and scenario results
- Material risks and priority actions
Financial Model Build or Upgrade
When your decision needs a transparent financial model.
We build or upgrade mining financial models linking production, revenue, costs, capital, taxes and funding to cash flow and value. Documented inputs, calculation checks and scenario controls help you evaluate alternatives and understand funding needs.
What you receive:
- Unlocked financial model
- Documented inputs, sources and checks
- Agreed scenarios and cash flow forecasts
- Model guide and handover
Sector and Corridor Investment Analysis
Before prioritizing projects and enabling infrastructure.
We assess mining project pipelines and the power, transport or policy interventions that could unlock investment. We compare economics, sequencing and shared risks to help governments, development institutions and infrastructure proponents prioritize the next stage of appraisal.
What you receive:
- Screening results and candidate shortlist
- Project and infrastructure option models
- Shared risk and dependency map
- Appraisal priorities and evidence plan
Investment and Acquisition Assessment
Before acquiring, expanding or allocating capital.
We assess mining acquisitions, expansions, joint ventures and competing project options against your strategic priorities and capital constraints. We analyze value, integrate material diligence findings and compare risks and alternatives to recommend whether and under what conditions to invest.
What you receive:
- Investment committee or board memo
- Valuation ranges and comparison of alternatives
- Risk register and diligence priorities
- Recommendations and investment conditions
Scope, deliverables and fees are agreed before work begins.Integrated Project and Investment Risk Assessment is also available as a focused engagement or within the services above, connecting risks to value, cost, schedule and funding consequences.
our approach
The right analysis for your investment decision.
We combine investment analysis with mining and infrastructure expertise to assess projects, acquisitions and competing uses of capital. Through financial modelling and risk assessment, we connect evidence to cash flow, value and funding needs, with clear recommendations on whether, where and under what conditions to invest.
Senior-led
economic analysis
economic analysis
Integrated
evidence and risk
evidence and risk
Clear investment recommendations
ENGAGEMENTS IN DETAIL
How we turn evidence into investment advice.
Each engagement addresses a defined investment decision. We examine the evidence, test the economics and explain what the findings mean for your next step.
Economics and Model Review
01
A model can calculate correctly and still rest on assumptions that weaken the investment case. We examine the calculations, evidence and risks that matter most, then explain whether the economics support your proposed decision.
Model mechanics: Check priority calculations, input links, units and cash flow reconciliations to identify material inconsistencies and errors.
Material assumptions: Challenge production, cost, schedule and infrastructure assumptions against project evidence and benchmarks.
Value and downside: Identify key value drivers and test how downside scenarios affect returns, cash flow and funding requirements.
Decision implications: Prioritise unresolved issues, evidence gaps and key actions that could alter the investment recommendation.
Who it’s for
Developers, owners, acquirers and capital providers with an existing financial model, ahead of a study, board, investment committee or financing decision.
Outcome
Clear conclusions on whether the investment case holds, where material uncertainty remains and what needs resolving before committing capital, supported by documented findings and scenario results.
FOCUSED ON YOUR DECISION
Investment Analysis, Modelling & Prioritisation
We assess mining projects and acquisitions, build or upgrade financial models, and compare sector and corridor investment options. Each engagement connects evidence, value and risk to your decisions, from committing capital to identifying priorities for further appraisal.
Investment and Acquisition Assessment
02
Independent analysis of mining projects, expansions, acquisitions and joint ventures, comparing value, risks and alternatives to determine whether and under what conditions to invest.
Project economics, valuation and competing options
Strategic fit, capital allocation and funding needs
Diligence inputs, downside scenarios and key risks
Investment recommendations and decision conditions
Who it’s for
Mining developers, owners, acquirers and investors assessing a new project, expansion, acquisition or joint venture, or choosing between competing uses of capital.
Outcome
An investment committee or board memo with valuation ranges, comparison of alternatives, priority risks and clear recommendations on whether to invest and under what conditions.
Financial Model Build or Upgrade
03
We build or upgrade techno-economic and financial models that turn technical plans into clear investment analysis, testing value, funding needs and performance under uncertainty.
Integrated technical and financial modelling
Scenario, risk and sensitivity analysis
Monte Carlo simulation where justified
Documented inputs, assumptions and checks
Who it’s for
Developers, owners, investors and public institutions needing a new or upgraded model to evaluate mining projects, compare development options or assess funding requirements.
Outcome
An unlocked model linking mine plans, costs, infrastructure and financing to cash flow and value, with documented assumptions, calculation checks, agreed scenarios, a user guide and practical handover.
Sector and Corridor Investment Analysis
04
We compare mining projects, enabling infrastructure and policy options across sectors and corridors, identifying investment priorities, critical dependencies and opportunities that warrant further appraisal.
Mining project and infrastructure screening
Economic scenarios and option comparisons
Power, transport and development dependencies
Investment priorities and appraisal plans
Who it’s for
Government agencies, development finance institutions, utilities and infrastructure proponents deciding which mining projects, shared infrastructure or sector interventions to prioritise for further appraisal.
Outcome
A prioritised shortlist of mining and infrastructure options, supported by transparent screening criteria, scenario comparisons, key dependencies and sequencing recommendations, with evidence requirements for the next appraisal stage.
See how risks could change your investment case.
The Integrated Project and Investment Risk Assessment examines how risks interact and affect value, cash flow, funding and delivery. We screen six dimensions for relevant risks, then investigate material exposures to an agreed depth. Using qualitative assessment, scenario analysis or simulation where justified, we assess downside exposure, compare mitigation options and explain the implications for your investment decision.
Your risk picture
Relevant risks screened across six dimensions, with interactions examined and material risks prioritised by potential effects on project value, funding needs and delivery.
Your deliverables
A prioritised risk register, agreed scenarios and consequence analysis, with mitigation options, evidence gaps and conditions to inform investment, appraisal or financing decisions.
Risk assessment scope
6 Dimensions
Depth tailored to your investment decision.
FAQ
What to expect from Minesmart
Choosing the right engagement starts with your decision. These answers explain our services, the information we need, and how scope, delivery and fees work.
Which engagement is right for my decision?
An Economics and Model Review tests an existing model and its material assumptions. A Financial Model Build or Upgrade creates or improves the model. An Investment and Acquisition Assessment evaluates projects, expansions or acquisitions. Sector and Corridor Investment Analysis compares mining and infrastructure options. Each can be commissioned independently around your decision.
Which engagement is right for my decision?
An Economics and Model Review tests an existing model and its material assumptions. A Financial Model Build or Upgrade creates or improves the model. An Investment and Acquisition Assessment evaluates projects, expansions or acquisitions. Sector and Corridor Investment Analysis compares mining and infrastructure options. Each can be commissioned independently around your decision.
What information do you need to get started?
We start with your decision, deadline and available evidence. Depending on scope, inputs may include an unlocked model, technical studies, production forecasts, cost estimates, schedules, infrastructure assumptions, transaction terms or sector datasets. We identify material gaps early and agree how to address them, including specialist input where needed.
How do you assess assumptions and investment risk?
We challenge material assumptions against project evidence and relevant benchmarks, with specialists where needed. Risk assessment can be included within an engagement or commissioned separately. We screen six dimensions and assess relevant exposures through qualitative assessment, sensitivities or downside scenarios. Monte Carlo simulation is used when evidence, expertise and the decision justify it.
Can owners, acquirers or capital providers commission an independent review?
Yes. Owners, acquirers and capital providers can commission a review directly. We assess conflicts, prior involvement and model authorship before accepting the mandate. We do not accept success fees, equity, warrants or transaction-linked compensation. An independent review of a model we built must be performed by a separate provider.
How are scope, timing and fees agreed?
We first clarify your decision, available evidence and deadline, then propose the scope, deliverables, timetable and fee. Pricing reflects complexity, specialist input and review requirements. We prefer fixed or phased fees for defined assignments. Additional assets, model versions or changed requirements are agreed and priced before the scope expands.
