Mining
Mining is a sophisticated and analytically challenging field. Nick has built, managed, audited and directed countless financial models in this sector, including some of the most well known and challenging to finance. As a Project Finance banker Nick has structured mine financings in Australia and Asia; and as such has been on-site and underground. Nick has a unique insight of the requirements of a lender and understands their perspective and expectations of the project finance analysis. Nick has developed numerous project finance models incorporating often challenging mechanisms including:
- Cost over-runs and delay events;
- Multiple mining plans;
- Above ground / underground phases;
- Complex processing and stockpiling process;
- Sophisticated debt size optimisation;
- JORC reserve tail sized borrowing base facilities (inc. RLCR);
- Multiple currencies and PRI; and
- Commodity price flexibility, reversion and hedging.
Mining, from exploration through to operations and processing, is a highly quantitative area. Many projects are only feasible with highly refined mining plans and specific commodity price environments - as such flexible timing is essential for stakeholders to identify cashflow bottlenecks that would affect a financing. Performed correctly this is huge asset; not so results in a terrible headache for all stakeholders!
Nick Crawley, Principal.
Vector develops all project finance models using Alpha Spreadsheet Engineering, which focusses on Test Driven Development and Continuous Client Engagement - this means no surprises and a brilliant model.
