Michael Samis, Ph.D., P.Eng.
Dr. Michael Samis is a leading Dynamic DCF Real Options practitioner in the natural resource industries with more than 25 years of mining experience. He has extensive professional experience valuing base and precious metals, diamond, and petroleum projects with complex forms of flexibility and risk. His assignments have ranged from exploration stage to late-stage capital investments and have also included analysis of project financing and contingent taxes on project economics. Mike has also presented more than 30 professional courses on advanced valuation at universities, natural resource companies, and professional organizations world-wide and has published or presented numerous valuation papers about flexible pushback development, multi-stage exploration programs, windfall taxes, and the economic impact of project finance and hedging. Dr Samis is a registered Professional Engineer in Ontario, Canada, and a qualified person for project valuation under NI43-101 guidelines.
In 2013, the Canadian Institute of Mining and Metallurgy awarded Mike with the Robert Elver Award for his contributions to the Canadian mining industry in the field of mineral economics. He holds a Ph.D. from the University of British Columbia that combines the fields of mining engineering and finance. Dr Samis is currently an Associate Partner (Valuation and Business Modelling) in Ernst and Young's™ Toronto office where he also values complex financial securities such as employee stock options, convertible debt with embedded derivatives, contingent contracts, and interest rate, commodity, and foreign exchange derivatives.
Dr. Samis has continually presented and extended the Using Dynamic DCF and Real Options to Value and Manage Mining Projects course since 2002. He has also consulted with numerous corporations in the mining and energy industries and brings these experiences into the classroom through discussions and case studies.