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February 2000
Volume 52    Issue 2

Surface mine reserve definition and the high-grading fallacy

Mining Engineering, 2000, Vol. 52, No. 2, pp. 27-29
Lemieux, M.


ABSTRACT:
Surface mining is a business, and the objective of most businesses is to make as much money as possible within certain responsible constraints. Businesses normally measure their potential to make money by estimating the discounted cash flow rate of return on new projects or the net present value for ongoing projects.


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