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By S. K. Gilman, V. E. Hugo

A common problem encountered in the mineral sands industry is that the mineralogical measurements used in defining the resource are not readily converted to metallurgical recoveries, which are used to predict the quantity of the final products. The problem stems from the different objectives of the exploration and metallurgical assessment programmes, and is often compounded by the use of different laboratory techniques and mineral definitions. Common mistakes include the misapplication of routine analysis, incorrect interpretation of mineral recovery, the confusion of mineral recovery with product yield and inconsistent definition of the same mineral. Experience has shown that unless these potential mistakes are identified, the measurement techniques used during exploration and metallurgical assessment are not compatible, often resulting in large errors in the prediction of mineral production. There are no easy solutions to the problem, as there is no universal assay technique which can cost effectively characterize all the mineral sands resources. The recommended course of action will therefore require several iterations to optimize the assay technique to suit the resource. Fundamental to the success of the measurement technique is the understanding of the mineralogy, its behaviour during mineral processing and the quality requirements for the final products.

Jan 1, 2003

By L. Wade

The University of Nottingham, in conjunction with the University of Kentucky and The Society of Mining Engineers of America, hosted the International Symposium on Underground Mining Methods and Technology from 8th to 10th September, 1986. The programme was based on the central theme 'Coal Mining under Adverse Conditions'.

Jan 1, 1987

By F. Yang, T. Pan, T. Zhao, Z. Shao, D. Zuo

In this paper, the development and applications of robot technique is summarized, and the status and developing direction of China coal mine robotics. A description of the research meaning, frame and key technology of underground salvage robot is given. Keywords: coal mine, robot, special robot, salvage robot.

Jan 1, 2003

By Christopher J. Oates

Overview ? Mining Codes ? Best Practice ? Mining Standards Guidelines ? Get it right from the start ? External Auditors ? The 5% rule ? MMCRM's - The Key Components ? The MMCRM Report / Certificate ? MMCRM's & Round Robins ? Summary

Jan 1, 2005

By R. Uwaoma, A. Goosen, R. Matjie, K. Mphahlele, J. Bunt

Coal properties that are associated with wear and damage of grinding equipment during pulverization prior to combustion were investigated. A South African Highveld feed coal and its beneficiated fractions were crushed to <1 >0.25 mm particles for the grindability tests. These particles were milled and screened into <75 μm and >75 μm fractions, which were analysed by different techniques to establish a correlation with the conventional Hardgrove Grindability Index (HGI). The <1.5 g.cm-3 float fraction, which contained 93 vol.% (mineral matter free) total -macerals,9% kaolinite, and had the lowest HGI (57) (hardest to grind) was pulverized for 15, 30, 60, and 120 minutes for particle size distribution analysis. This analysis indicated that the content of <75 μm particles increases with increased grinding time. The >1.9 g.cm-3 sink fraction, with the highest HGI (76), 44% kaolinite, and 20 vol.% total macerals, was ground easily to generate the highest proportion of <75 μm particles. Based on higher correlation coefficients (R2 = 0.77–0.91), the ash yield, mineral matter, petrographic composition, and fixed-carbon have significant effects on the HGI. Conversely, the inherent moisture and total sulphur (R2 = 0.48–0.62) have only minor effects on the HGI. Results from this investigation could be implemented in the preparation of a suitable pulverized fuel with little equipment wear, as well as utilizing mineralogical and petrographic compositions. Finally, the effect of microlithotypes and maceral types in South African feed coals on the HGI should be investigated in further pulverization and grindability studies.

Jul 5, 2023

By M. A. Mahboob, T. Celik, B. Genc, I. Atif, S. Ali

"Mapping of hydrothermally altered areas, which are usually associated with mineralization, is essential in mineral exploration. In this research, open source reflectance spectroscopy data from the multispectral moderate-resolution Landsat 8 satellite was used to map altered rocks in the Gauteng and Mpumalanga provinces of South Africa. The unique spectral reflectance and absorption characteristics of remotely sensed Landsat data in the visible, near-infrared (NIR), shortwave-infrared (SWIR) and thermal infrared (TIR) regions of the electromagnetic spectrum were used in different digital image processing techniques. The band ratios (red/blue, SWIR 2/NIR, SWIR 1/NIR), spectral band combinations (Kaufmann ratio, Sabins ratio) and principal component analysis (Crosta technique) were applied to efficiently and successfully map hydrothermal alteration minerals. The results showed that the combination of spectral bands and the principal component analysis method is effective in delineating mineral alteration through remotely sensed satellite data. The validation of results by using the published mineral maps of the Council for Geoscience South Africa showed a good relationship with the identified zones of mineralization. The methodology developed in this study is cost-effective and time-saving, and can be applied to inaccessible and/or new areas with limited ground-based knowledge to obtain reliable and up-to-date mineral information.IntroductionMany developing nations depend on exploration and exploitation of mineral resources to sustain their economic growth. Usually, the traditional mineral exploration techniques require enormous finances, prolonged time, and tremendous manpower, particularly in areas that are not easily reachable (Maduaka, 2014). Furthermore, mineral exploration required state-of-the-art techniques and expertise along with geological, geochemical, and geophysical datasets, which may not be easily available or may be lacking where access is problematic (Kaiser et al., 2002; Bemis et al., 2014). Modern remote sensing technology has proved to be one of the highly efficient and robust techniques used for mineral exploration. The use of remote sensing satellite images for geological mapping and mineral exploration usually involves studying the physicochemical properties of rocks and weathering soils, such as mineralogy, landforms, geochemical signatures, and the spatiall distribution of lineaments (Bhattacharya et al., 2012)."

Mar 1, 2019

By F. Petersen, W. van Dyk, J. Bonsu, A. Isafiade

"This paper aims to demonstrate how a systemic approach can be applied to the analysis of the causes of accidents in South African mines. The accident analysis framework used was developed previously by the authors from the combination of the Mark III version of the Swiss Cheese model, Incident Cause Analysis Method (ICAM), the Nertney Wheel model, and safety management principles. Data on 91 accidents occurring from 2010 to 2012 at the site of a platinum mine in South Africa were used to populate the newly developed framework. The results obtained show that while routine violations (45% of all accidents analysed) were the most common form of human error, problems in the physical environment of workers were the most common workplace factor (39.6% of all accidents analysed). Furthermore, inadequate leadership was found to be the most common systemic factor responsible for accidents (51.6% of all accidents analysed). Some workplace factors were more commonly associated with particular unsafe acts than others, and some systemic factors were more associated with particular workplace factors than others. The outcome of this study demonstrates that systemic factors, rather than human errors and violations, are the chief causes of accidents in the mining sector. IntroductionThe mining industry is a very important sector of the South African national economy. A major factor threatening the sustainability of this industry is mining accidents, which frequently result in injuries or deaths, destruction of property, and pollution of the environment. In the past, mining accidents have led to the shutdown and threat of shutdown of mines (Ryan, 2008; Mail and Guardian, 2011). The country stands the risk of incurring significant losses if the mining industry continues to experience shutdowns. In 2012, the mining sector accounted for R262.7 billion (equivalent to US$32.83 billion) representing 8.3% of GDP directly, on a nominal basis (Chamber of Mines of South Africa, 2013).Mining safety is a global concern and has attracted significant international attention. This has precipitated various studies into different aspects of mining. Unfortunately, human error has been blamed for the majority of these accidents. A study by the US Bureau of Mines found that human error is the cause of almost 85% of all accidents (Patterson and Shappell, 2008). In Australia, it is the cause of two out of every three occupational accidents (Patterson and Shappell, 2008). Various mining companies maintain that they run efficient systems, and hence the behavioural problems of workers are to blame for most accidents. An understanding of accident causality could be a major step in the quest to reduce accidents. Only with a good understanding of the accident process can effective remedies can be designed."

Jan 1, 2017

By G. R. Drennan, N. J. Wagner, M. J. T. Sebola

The Soutpansberg Coalfield hosts South Africa's hard coking coal reserves. However, coals in this region are understudied compared to other coalfields in the country. This study characterizes the properties of fine-float fraction samples extracted from a wide diameter borehole core in the Makhado Project, Tshipise sub-basin, Soutpansberg coalfield. Conventional analyses were used to determine the coal quality, petrographic composition, mineralogy, geochemistry (including trace element and rare earth element composition), and free swelling index of samples from six coal horizons and three partings from the economic No.6 Seam. The coal samples are classified as medium rank bituminous C coals (0.88 %RoVmr, 0.92 %Rmax) and are highly vitrinitic in composition (97 vol% mineral matter free (mmf)). The samples show strong caking potential (FSI of 9). The total rare earth concentrations range between 570 and 3193 ppm in the ash samples. Preliminary analysis show all but two samples are promising sources of rare earth elements as the total concentrations exceeded the 1000 ppm cut-off grade. Further research is required to confirm these preliminary findings.

Aug 2, 2022

By E. Isokangas

A mine is essentially a series of operations, including drilling and blasting, crushing, milling, flotation, and leaching, that are interconnected and therefore interrelated, with the performance of one operation affecting the performance of another. Optimizing each stage separately without considering the whole system often causes potential economic benefits and energy savings to be missed. However, the PIO methodology is a thorough approach which considers these individual process activities within the context of the whole process. The basic principle is to optimize the process as a whole, rather than each process step in isolation from the others. Metso?s Process Technology and Innovation (PTI) group offers a global consulting service for the mining and construction industries. A significant amount of this consulting work involves process integration and optimization (PIO) studies. When conducting a PIO study, every aspect of the process is considered. In addition to drilling and blasting, transportation, handling and storage, crushing, screening, grinding, flotation, separation, and recovery, other aspects including equipment utilization and energy consumption and even greenhouse gas emissions are also included if necessary. In a PIO project, it is very important to understand what type of material is being processed at any point in time. That is, which domain or domains is the material part of? This is necessary in order to observe the effect of different ore sources (and the blending of sources) on concentrator performance. Linking the ore from the pit to the concentrator required the development of an ore tracking system. As a result, PTI developed a radio-frequency based material tracking system called SmartTag?. This system allows tracking of ore from its source through blasting, run-of-mine (ROM) pads, crushers, intermediate stockpiles, and finally into the concentrator. Using the SmartTag? system, definitive correlations can be made between the performance of the plant and the plant feed characteristics, including the domain from which the feed ore originated. Since its commercialization in 2007, SmartTag? has been used in the majority of PTI?s consulting projects and several permanent systems have been installed worldwide1. Successful applications of the SmartTag? system have encouraged development to allow the system to be used in a wider variety of plants, in particular plants with finer crushing and screening stages. This paper describes how the SmartTag? system is being utilized by PTI and the benefits being gained by its use in PIO projects, as well as presenting some case studies.

Jan 1, 2012

By M. Z. Emad, A. Hassan, M. A. Raza, M. U. Khan, S. A. Saki

Digital modelling of a surface is crucial for Earth science and mining applications for many reasons. These days, high-tech digital representations are used to produce a high-fidelity topographic surface in the form of a digital terrain model (DTM). DTMs are created from 2D data-points collected by a variety of techniques such as traditional ground surveying, image processing, LiDAR, radar, and global positioning systems. At the points for which data is not available, the heights need to be interpolated or extrapolated from the points with measured elevations. There are several interpolation/extrapolation techniques available, which may be categorized based on criteria such as area size, accuracy or exactness of the surface, smoothness, continuity, and preciseness. In this paper we examine these DTM production methods and highlight their distinctive characteristics. Real data from a mine site is used, as a case study, to create DTMs using various interpolation techniques in Surfer® software. The significant variation in the resulting DTMs demonstrates that developing a DTM is not straightforward and it is important to choose the method carefully because the outcomes depend on the interpolation techniques used. In mining instances, where volume estimations are based on the produced DTM, this can have a significant impact. For our data-set, the natural neighbour interpolation method made the best predictions (R2 = 0.969, β = 0.98, P < 0.0001).

Feb 6, 2023

By D. Botha, J. F. Cronjé

"SynopsisAlthough women all over the world have been involved in mining activities for centuries, mining has always been considered a very masculine industry due to its heavily male-dominated workforce as well as the physicality of mining work. The mining industry has not been an obvious career choice and preferred place of employment for women; women were mainly employed in administrative and advisory positions. Until 1994, women were legislatively prohibited from being employed in underground operations in South Africa, but the Mines Health and Safety Act, No. 29 of 1996, removed these restrictions. In addition, new mining legislation (the Mineral and Petroleum Resources Development Act, No. 28 of 2002) and the accompanying Mining Charter make specific provisions for the inclusion of women in core mining activities and require 10% of core positions to be filled by women.This article voices perceptions of the physical ability of women employed in core mining positions. Findings are drawn from empirical work undertaken at platinum, phosphate, and copper mines. Quantitative and qualitative research paradigms are used. It is evident that women find it extremely difficult to perform mine work that requires physical strength and stamina. Practical recommendations, informed by the literature review and empirical findings, are made with the objective of contributing to the sustainable deployment of women in the mining industry.IntroductionFor many years, mining has been considered the foundation of the South African economy. Although the mining industry in South Africa is currently under considerable pressure and experiences various challenges, including escalating operational costs, electricity tariff increases, safety-related issues and associated production stoppages, poor productivity, labour unrest, and reduced demand both globally and domestically, it remains a key contributor to the national economy and development of the country (IDC, 2013, p. 9).Until 1994, women were legislatively prohibited from meaningful participation in the mining industry and were denied access to skills and jobs, self-employment, and entrepreneurship. The newly elected democratic government in 1994 initiated substantial socio-political and economic transformation in South Africa. Nearly every sector in the country was transformed and re-shaped, primarily through sector-specific legislation, but also through negotiations between government, industry, and labour unions to create and refine the so-called sector charters, which included the Mining Charter. The vision of the new regime, the African National Congress (ANC), was to ‘transfer power to the people and transform society into a non-racial, non-sexist, united, democratic one, and change the manner in which wealth is shared, in order to benefit all the people’ (ANC, 2007)."

Jan 1, 2015

By N. V. Moraka

Calls for transformation in the mining sector are legislated. Whilst the composition of boards in terms of gender diversity and equal representation has improved, little is known on how women directors experience boardrooms. This research investigated the experiences of South African women in male-dominated mining boards. It questions why women remain marginalised in boardrooms, even when they are qualified as the men in their respective fields. The experiences of South African women on male-dominated mining boards were investigated by means of a multiple case study using a qualitative research methodology. Interviews were conducted with 16 women and 12 men serving across six JSE-listed South African mining companies. The findings show that irrespective of their qualification and experience, women,s, contributions are often ignored, and they are assigned to more social roles. Regardless of race, all women experienced gender stereotyping. Strategies are required to ensure that board cultures embrace female talent, where women can effectively contribute to decision-making and maximize their talent. It is argued that gender and identity should be studied in relation to post-colonial history in African countries. Women have multiple, varying identities, and their experiences require a unique investigation that would enable strategies to overcome barriers, through the implementation of an appropriate diversity management programme.

Feb 12, 2024

By Y. Zhen, N. Topliffe, G. Shou

The typical service life for a long distance slurry pipeline is15 to 25 years. Determination of wear rate for a pipeline could have a high economic impact on the pipeline project. Wear is a combination of chemical corrosion and mechanical abrasion. The contribution of each factor has to be determined project by project. Normally, chemical corrosion dominates the pipe wear in fine slurry pipelines. These pipelines have been designed with a velocity between 1.5 m/s and 2.5 m/s. Solids are suspended with high homogeneity across the pipeline section. Bottom wear is not much greater than the top wear and not sensitive to velocity. The wear pattern in the pipeline transporting medium coarse solids, such as milled ore and tailings, is different. Wear concentrates on the bottom of pipeline and the outer bends, and is more sensitive to flow velocity. Wear distribution along the pipelines is similar.

Jan 1, 2007

Darwin Conference, 1984. Parkville (Australia), The Australasian Institute of Mining and Metallurgy, 1984. $AI5,00 (surface mail). Reviewer: H.A. Simonsen The theme of the Darwin Conference was &apos;The Mineral Potential of Northern Australia and Changing Concepts of Development&apos;, and the fifty papers that were presented commemorate the &apos;coming of age&apos; of the Northern Territory of Australia. Rockbursts and seismicity in mines, edited by N.c. Gay and E.H. Wainwright. Johannesburg, The South African Institute of Mining and Metallurgy, Symposium Series no. 6, 1984.363 pp. R75,OOexcl. GST, £50, OS$65. Reviewer: E. T. Brown Black sands, by lan Morley. St Lucia (Australia), University of Queensland Press, 1981. Reviewer: P.W.J. van Rensburg Gravity concentration technology, by R.O. Burt assisted by Chris Mills. London, Elsevier Science Publishers, 1984. Volume 5 in the series Developments in Mineral Processing. Reviewer: D.A. Viljoen

Jan 1, 1985

By M Scott, J J. McEwan

Silver and silver alloys tarnish readily by the formation of tarnish on the surface when exposed to a wide range of sulphur-containing atmospheres. This tarnish is unsightly and undesirable and can be removed either with a silver polish or a chemical dip. Polishes are, however, not suitable for irregular and embossed surfaces such as on coins, medallions and jewellery items, because of uneven removal of the tarnish layer and excessive wear. Successful tarnish protection can be achieved by either storing the items away from the aggressive atmosphere or by coating/treating the exposed surfaces with a protective layer. Storage is feasible for collections but is not suitable for items that are handled or worn regularly, such as jewellery. A number of commercial coatings and treatments have been developed, but to date there has not been a systematic evaluation of tarnish protection. This paper details the performance of a range of generic coatings in an accelerated tarnish test. The degree of tarnish was evaluated by means of loss in reflectivity and change in colour. Four coatings/treatments improved the tarnish resistance of silver by more than tenfold. These include an organic lacquer, rhodium electroplating and an organic self-assembled monolayer (SAM) conversion coating. Research is continuing to optimise these coatings. Keywords: silver alloys, tarnish resistant coatings, silver polishes.

Jan 1, 2006

By L C. Pretorius

Pipe pigging is a technique for the in situ (field) coating application, to create a seamless internal anti-corrosive lining of long pipelines. The technology originated in the cleaning of pipes, and these proven cleaning methods continue to be used today. Firstly mechanical cleaning of the pipeline is performed, using wire brush, razor back, course stud and fine wire pigs, then foam pigs, or criss cross pigs, and urethane blade scrapers to remove loose debris, wax, residual hydrocarbons and corrosion products from the pipeline. Part of the proprietary techniques and expertise is to ensure that these cleaning pigs do not get stuck Next chemical cleaning of the pipeline is performed, using repeated pig runs with detergents, solvents, acid etching, corrosion inhibitors, consecutively batched between two pigs, to ensure a clean, dry metal finish to a visual cleanliness standard of ISO SA2½. These in situ techniques were developed, 40 years ago to apply internal corrosion protection to pipes using a thin layer of epoxy based paint (50 to 100 micron). Until recently these old techniques were never improved upon. Although many thousands of kilometres of pipes were successfully coated with these thin film epoxy based paints and old application techniques, these thin paint films had problems in weld coverage, and were also unable to fill pits caused by pitting corrosion, and unable to replace metal loss caused by channel erosion. New coating material developments, revised application methods and modified pigging equipment have now made it possible to apply thick film coatings as corrosion barriers to the internals of pipes in the field, using these pigging techniques. The thick coating films can be up to 1 mm (40 mils) thick in a single coating run over long distances. The new thick film coating materials and application techniques are similar to continuous screeding, creating a far more robust seamless internal pipe lining when compared to the old technology of thin film paints. With thick film polymers the option now exists to create a structural GRP pipe within a pipe, be it steel or cementicious. It has been preferable, even necessary, to move away from the traditional epoxy paints and coatings. It was found difficult or impossible to use epoxy materials for these pipe coating applications due to the requirement for achieving a suitable viscosity with adequate hold up. In order to reduce epoxy viscosity a solvent or reactive diluent is required. This inevitably lead to solvent entrapment and poor cure characteristics in cold climates. Further mud cracking in over thick areas, the inability to extend or reduce pot life, poor control of cure time and limited resistance to aggressive or chemical environments made solvent based epoxy resins a poor choice.

Jan 1, 2006

By Y. F. Bulgakov, Y. V. Melnikova, V. S. Zakharov

A new technology of atmosphere in inertization of fire section with the help of gazeous nitrogen is presented in the report. This technology is based on membrane air subdivision into two streams, concentrated with nitrogen (up to 99%) and with oxygen correspondently with subsequent giving them into the place of fire. This technology belongs to environmentally friendly ones and it has a great number of technical, mobile and economic advantages comparing with the rest of well-known methods of fire extinguishing. This technology application in Ukrainian coal mines allowed to reduce the member of isolated places of fire at the expense of their extinguishing efficiency.

Jan 1, 2003

By K. Karaman

This study investigated the effect of surface roughness on Schmidt rebound hardness (RL). Four different test surfaces of rock samples were studied: natural, ground, cut surfaces, and core samples. There was significant variability of standard deviation based on the RL on the natural surface, which indicated high roughness of the rock surface, whereas surface polishing caused a significant decrease in standard deviation. ISRM and ASTM methods were compared to estimate unconfined compressive strength (UCS) for different testing surfaces. RL obtained from the cut surface was found to be more reliable than those obtained from other testing surfaces for the prediction of UCS; however, regression and ANOVA analyses revealed that the ISRM method gave a more accurate UCS estimation of rocks with highly rough surfaces. It was also shown that RL values obtained from a cut surface were significantly higher than those obtained from core samples. Therefore, a comparison between RL values obtained from core samples and cut surfaces was made based on previous studies. This study statistically showed that estimated UCS values are not statistically significant if Schmidt rebound tests are not performed on similar surfaces. In addition, the mineral grain sizes of the studied rocks, different testing surfaces compared with those in literature, and standard deviation from RL are evaluated and discussed. The Schmidt hammer technique is a rapid, inexpensive, and straightforward method for estimating UCS for preliminary assessment; however, roughness of the surface should be eliminated if variations are shown in the surface rebound hardness.

Apr 14, 2024

By P. C. Pistorius, M. P. Maphutha, J. D. Steenkamp

Advanced high-strength steels (AHSS) are sophisticated materials being developed by the steel industry to mitigate challenges related to the performance of motor vehicles. To meet the requirements of AHSS, the ferromanganese alloys (FeMn) utilized in the production of the steel are required to contain acceptable levels of unwanted impurities, i.e. P, S, N, H, and C. The focus of the current study was to investigate dephosphorization of ferromanganese to produce a low-P alloy that could be effectively utilized in the production of AHSS. The study involved conducting laboratory-scale testwork to study the efficiency of CaO-based slag systems to dephosphorize FeMn alloys. The addition of Na2O, CaF2, and BaO to MnO-CaO-SiO2 slag was considered. The test work was carried out in a 25 kW induction furnace at temperatures of 1350°C, 1400°C, and 1450°C. The P partition coefficient (Lp) remained small at <1, which is an indication that dephosphorization had not been achieved. The baseline slag, comprising 40%CaO-40%SiO2-20%MnO, reported higher Lp values. Addition of Na2O and CaF2 did not show any further benefit. Substituting half of the CaO by BaO, resulted in similar Lp values to those of the baseline slag under conditions of 1350°C and 1450°C at 30 minutes. In summary, based on the Lp values obtained, the conditions investigated with the CaO-based slags appeared to have been unfavourable for dephosphorization of FeMn alloys, as most of this impurity element remained in the alloy.

Sep 1, 2021

By S. Chatterjee, F. Suparno, A. Paithankar

Estimating reserves and quantifying resources stand as pivotal and intricate endeavours within the realm of coal mining operations. Intricate geological formations compound the challenges in resource estimation, thereby complicating reserve calculations. The uncertainties tied to geological attributes of coal, encompassing parameters like tonnage and coal quality, wield significant sway over resource and reserve computations within coal mines. This research delves into the domain of geological uncertainties, with a specific focus on calorific value, aiming to numerically characterise resources and reserves within an open-pit coal mine situated in Indonesia. To quantify resources, the coal seam geometry underwent simulation via a multipoint geostatistical technique known as single normal equation simulation. A geologically established coal seam served as the training image for generating 20 equiprobable coal models. To simulate CV, 50 realisations were generated for each simulated coal seam, utilising sequential Gaussian simulation. Deviations of the simulated coal seams ranged from -0.07% to 5.48% in comparison to the training image. The CV simulation yielded an average value of 5,920.29 kcal/kg, accompanied by a standard deviation of 586.54 kcal/kg. However, the average CV spanned from 5,305.26 kcal/kg to 6,526.55 kcal/kg across diverse simulations. For reserve calculation within the context of geological uncertainties, an algorithm rooted in maximum flow graph theory was employed to construct the ultimate pit for the coal mine. Within this final pit, the average stripping ratio was 1.62, coupled with a CV value of 6,019.66 kcal/kg. When juxtaposed with the deterministic model, the findings underscore that the stochastic ultimate pit delineates a more expansive excavation, accompanied by a heightened undiscounted cash flow.

Oct 2, 2025