#### BREAK EVEN ANALYSIS OF MINING PROJECT

Surface vs underground mining costs 5 Mining method costs 6 Budgeting and cost control 8 Capital budgeting methods of appraisal 11 Traditional methods 12 Payback period method 12 Accounting rate of return method 13 Discounted cash flow methods 14 Net present value NPV 14 Internal rate of return 14 Profitability index