Toronto: Mineral Valuation in a World of Volatile and Cyclical Commodities

April 27, 2016 all-day
Borden Ladner Gervais LLP
Scotia Plaza
40 King St W, 44th floor

For its Wednesday, April 27th meeting, the Discussion Group of CIM’s Management and Economics Society is pleased to welcome:


Ross D. Lawrence, P.Eng.

Principal Consultant – Watts, Griffis and McOuat


who will deliver a presentation on:


Mineral Valuation in a World of Volatile and Cyclical Commodities


Abstract:  The fortunes of mining companies and their implied value are tied to cycles – both economic and commodity – within which they operate. Hence the determination of appropriate future metal prices is one of the most critical factors faced by mineral valuators especially for advanced projects. Price, and hence revenue, is usually the most sensitive input to the valuation model. Empirical studies of past forecasts show that the success rate for commodity price forecasting is very poor.  This paper explores various approaches and comments on their strengths and weaknesses. We conclude that careful evaluation of long-term metal prices is a key element and is hardly a luxury that can be left to simple averages or rules of thumb.


BIO:  Ross D. Lawrence has established international credentials in the valuation of mineral properties and mining companies, mineral policy development for foreign and domestic governments, economic analysis of mining projects and project management. Mr. Lawrence has managed WGM’s contracts with foreign governments pertaining to mineral development policy and institutional strengthening.  He has served as Project Director on a wide range of mineral exploration and development projects in Europe, Australia, Africa, Asia and the Americas and is Past‑President of the Canadian Association of Mining Equipment and Services for Export, and Past-Chairman of the Northern Centre for Advanced Technology in Sudbury.


Wednesday, April 27th, 2016

Refreshments at 4:15pm – Presentation at 4:35 pm


Borden Ladner Gervais LLP
Scotia Plaza, 40 King St W, 44th floor, Toronto

All are welcome to this excellent networking and learning opportunity. Please RSVP by email to if you are interested in attending.

Thank you to our sponsor, Borden Ladner Gervais LLP for again providing the space.

Keep up to date by checking us out at:

Ross D. Lawrence

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