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IRR would ensue. Both, gold pricing and production, are always affected by the global economy and local conditions. Many of the mine companies closed in South Dakota between 2000 and 2003 due to falling gold prices and continually increasing operating costs (Retrieved on January 23, 2015, from (South_Dakota).There is only one large scale gold mining company that remains in South Dakota; .

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Bullok Gold Mining Case Essay Example for Free. Bullock Mining has a 12 percent required return on all if its gold mines. 1. Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rate of return, and net present value of the proposed mine.

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MiniCase Study: Bullock Gold Mining Seth Bullock, the o wner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company''s geologist, has just finished his analysis of the mine site. He has estimated that the mine would be more productive for either years, after which the gold would be completely mined.

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Bullock Gold Mining . Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company''s geologist, has just finished his analysis of the mine site. He has estimated that the mine would be productive for eight years, after which the gold would be completely mined.

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