After three years of research and development by computer programmers, quantitative financers, geo-statisticians, mining geologists and minerals engineers and many discussions with investment bankers, new business developers and mining operating staff, IC-MinEval was launched. IC-FinEval Ltd was formed soon afterwards to further develop and commercialize this and other software. Today, after only two years in the marketplace, IC-MinEval is already changing the way that dozens of mining companies, consultancy groups and financial institutions evaluate their mining projects. Now they are able to:

·  Produce fully-customised models with project-specific data in 30 minutes rather than weeks or month.
·  Better negotiate with potential commercial partners using the model as a base-line for discussions.
·  Quickly identify viable projects.
·  Rapidly compare and screen projects and easily communicate the results using a dependable industry standard.
·  Evaluate all key project variables using financial, sensitivity and risk analysis.
·  Treat tax and the effect it has on the cost of capital more realistically.
·  Ensure that all perspectives are considered through use of IC-MinEval's menus and linked Help files.
·  Quickly and easily modify their model.
·  Significantly reduce the chance of accidentally introducing errors because of IC-MinEval's automatic data checking and updating of links.