https://youtu.be/nF8c3J2M8pY

https://www.youtube.com/@valls_geoconsultant?sub_confirmation=1 For more videos about geology, geochemistry, AI, and much more, please visit and subscribe for free here: Golden droplets- https://shorturl.at/fetV1 Geovoices- https://tinyurl.com/m23pp4pb News about geology- https://tinyurl.com/3979urhy This video, "A Geologist and an Economist walk into a bar…,” explores the critical juncture where geoscience meets mining finance, emphasizing how a Qualified Person (QP) integrates rigorous standards like NI 43-101 and the VALMIN Code to convert geological Mineral Resources into bankable Mineral Reserves. The discussion centers on fundamental economic concepts like the Cut-Off Grade (COG), which acts as the pivotal parameter for geologists and mine planners aiming to maximize a project's Net Present Value (NPV) and confirm ultimate economic viability. The successful transformation of geological inputs—such as tonnage, grade, and spatial distribution—into demonstrable financial assets depends heavily on correctly applying Modifying Factors. These factors require the QP to assess various technical and non-technical constraints, including metallurgical recovery rates, geotechnical stability, environmental impacts, and accurate estimation of Capital and Operating Costs. For professionals preparing technical reports under Canadian standards, adherence to CIM Definition Standards is mandatory, requiring that all scientific information is prepared or supervised by a competent Qualified Person. Critical reporting stages, such as the Feasibility Study or Pre-Feasibility Study (PFS), require a comprehensive demonstration of technical and economic viability, whereas a Preliminary Economic Assessment (PEA) allows the inclusion of inferred mineral resources but mandates specific cautionary disclosure regarding feasibility. The video details the importance of rigorous technical procedures for data credibility, including careful drilling, sampling, assaying, and thorough Data Verification (Singh, n.d.). Furthermore, investors rely on the Australasian VALMIN Code for the Transparency and Competence underlying the Valuation Report, ensuring that assumptions regarding exploration results and reserves are clearly disclosed and based on sound technical foundations. Understanding the intersection of these disclosure codes and financial modelling is an absolute imperative for every junior and senior geologist operating in the global mining industry. The bridge between Academy and Industry! P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly Valls Geoconsultant ORCID ID- https://orcid.org/0000-0002-5421-0914 Scopus Author ID: 7003369619/35335510700 ResearcherID: S-6604-2018 If you like this content, please "buy me a coffee" https://www.buymeacoffee.com/goldendroplets #vallsgeoconsultant #NI43101 #MineralEconomics #CutOffGrade