53 - Conditional Simulation: What It Is and Why It Is Important.
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Description
In this episode of Fresh Thinking by Snowden Optiro, Technical Writer Kiara Allessio and Principal Geostatistician Dr. Oscar Rondon come together to discuss Conditional Simulation — exploring what it is and why it is crucial for Resource Estimation. This podcast at a glance: 00:00: Kiara introduces the episode and the speaker Oscar Rondon. 00:23: Oscar explains why Conditional Simulation matters for Mineral Resource Estimation. 01:00: Oscar stresses the importance of turning data into a Gaussian distribution after initial data analysis. 02:07: Oscar answers whether the transformation is needed for normally distributed data. 02:35: Kiara introduces different simulation methods available for Conditional Simulation. 03:11: Oscar shares insights on selecting the right simulation method. 04:30: Oscar provides general guidelines on setting up Conditional Simulation. 05:55: Oscar explains why conditional simulation is crucial for assessing uncertainty in mining. 06:47: Oscar discusses the difference in assessing grade versus geology in Conditional Simulation. 07:30: Oscar talks about errors people often make in Conditional Simulation. 08:50: Kiara wraps up the discussion. Join our experts as they explore this fascinating subject of Conditional Simulation in episode 53 of the Fresh Thinking podcast. f you'd like to connect with Kiara and Oscar, please reach out to them at [email protected].
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