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C-07 Mining & resources

Mining acquisition analysis

A financial analysis tool for comparing mining-property acquisitions on a consistent basis — NPV, share valuations, milestone bonuses, and NSR royalties.

Real project · client withheld · outcomes discussed under NDA

  1. 01 A consistent valuation model
  2. 02 Deal structure built in
  3. 03 Comparison as the point
1730 / C-07 / Decision model Build path / 3 stages Financial modelling (NPV, valuations)

Comparing potential mining-property acquisitions means holding several moving parts together at once — projected value, how it is paid for in shares, milestone bonuses along the way, and net smelter return royalties that ride on future production.

The problem

Done in ad-hoc spreadsheets, each comparison is built slightly differently, assumptions are hard to see, and two deals end up evaluated on subtly different terms. That makes it hard to trust a side-by-side and easy to miss what actually drives the difference.

What we did

  1. 01
    A consistent valuation model

    NPV and share-based valuations computed the same way across deals, so comparisons are like-for-like instead of spreadsheet-by-spreadsheet.

  2. 02
    Deal structure built in

    Milestone bonuses and NSR royalties modeled as first-class parts of a deal, since they often decide which acquisition is actually better.

  3. 03
    Comparison as the point

    A tool oriented around putting candidate acquisitions next to each other on shared assumptions, rather than valuing one deal in isolation.

Relevance

Where this pattern applies.

  • Comparable decisions are still being rebuilt in slightly different spreadsheets.
  • Assumptions and deal terms must stay visible, adjustable, and consistent across scenarios.
How we would start

A comparable engagement starts by pinning down the valuation approach and the deal terms that matter, then builds a model that applies them consistently — usually proving it on a couple of real comparisons before widening it.