Jessica Keast’s Post

View profile for Jessica Keast, graphic

Creator at GeoHUG | CEO at CoreSafe | CEO at Prospectors

“who pays to prevent something bad from happening?”... “What is the value of that?” - Upstream by Dan Heath In the realm of mining, resource development and mineral exploration, Ore Body Knowledge stands as the critical financial keystone, shaping the economic viability and sustainability of mining ventures. This knowledge, when obtained early in the exploration phase and/or tactically during mining operations, can drastically reduce uncertainties associated with resource development and improve operational planning and financial forecasting. It is akin to mining's Rosetta Stone, deciphering the intricate economic narratives embedded within the geological data. The quantification of OBK's financial value has historically been a complex challenge, yet it is essential for investors and financial analysts seeking to mitigate risks and maximise returns from mining investments. IMDEX is pioneering a research initiative aimed at quantifying the Value of Information (VoI) that OBK provides. Join us on geohug this Wednesday 24th April 4pm AEST with Dave Lawie to hear how this groundbreaking work promises to transform the mining industry by offering a clear, dollar-denominated perspective on the economic benefits of strategic, information-driven decision-making. Register here: https://geohug.rocks/

  • No alternative text description for this image

I will bring my tinfoil hat

Like
Reply
Adrian Sikorski

Decision Professional | increasing decision quality - faster better decisions - clarity | SDP Certified Lead Practitioner

6mo

If you prefer the Friends of VOI to tinfloil hats, I recommend asking Ellen Coopersmith about training.

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics