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This presentation discusses how the efficient operation of a very expensive mining project is often defined by the decisions made on the mining method, sequence, and design criteria. In an ideal world, these decisions would be made with perfect information and after exhaustive studies. However, in the real world, funds are often limited and time is precious. Understanding how to balance the study process with real-world constraints requires a solid understanding of the issues, the study process and what decisions need to be made. SRK Russia's Director, David Pearce, provides practical advice on how to develop projects successfully and avoid making expensive mistakes.