Development and analysis of DCF computer models for EEZ marine mining

With the 1983 presidential proclamation establishing the US Exclusive Economic Zone (EEZ), the US Department of the Interior´s Minerals Management Service (MMS) was given the task of promulgating development of nonenergy solid minerals offshore (for example, cobalt-rich manganese, titanium, phosphorites, placers). The author focuses on initial formulation and analysis of computer models that incorporate discount cash flow (DCF) methodology, to be used by MMS as a tool to assist in determination of estimated fair market value for a variety of nonenergy marine minerals in the federal EEZ. Review, examination, and several man-month periods of testing the computer models described have been conducted. Several models appear promising