Fig. 1: Project development with back-ended and front-ended risk.
From: Artificial intelligence investments reduce risks to critical mineral supply
This figure illustrates the relationship between the value that investors attribute to the project at various stages of the development of the mining project. The red line represents this relationship for front-end minerals, while the blue line represents the corresponding relationship for back-end minerals. \({T}_{1}\) and \({T}_{2}\) denote the beginning and conclusion of the project development. \({V}_{1},\,{V}_{2}\) and \({V}_{3}\) are three alternative valuations attributed by investors to the project.
