Economic Evaluation and Investment Decision Methods

Multiple Sessions Offered
Golden, Colorado, USA

March 18-21, 2024
Before-Tax + After-Tax

May 13-16, 2024
Before-Tax + After-Tax

June 10-13, 2024
Before-Tax + After-Tax

July 15-18, 2024
Before-Tax + After-Tax

November 4-7, 2024
Before-Tax + After-Tax


Mr. John M. Stermole

John StermoleJohn M. Stermole, age 66, is currently President and has served as a Director of Investment Evaluations Corporation since 1984. He received a B.S.B.A. in Finance from the University of Denver and an M.S. in Mineral Economics from the Colorado School of Mines. In addition to co-authoring the textbook, “Economic Evaluation and Investment Decision Methods,” now in the 16th Edition, 2019, other publications by Mr. Stermole include:

  • Mining Royalties, A Global Study of Their Impact on Investors, Government, and Civil Society, 2006, by The International Bank for Reconstruction and Development, The World Bank.
  • The Global Mining Taxation Comparative Study, 1997, published by the Institute for Global Resources Policy and Management, Colorado School of Mines.
  • Northwest Mining Association
  • Heavy and Highway Construction
  • The Business of Petroleum Exploration published by the American Association of Petroleum Geologists (AAPG) 1992 and re-printed in 1993

In 2020 John was the recipient of the SME/AIME Mineral Economics Award to recognize his distinguished contributions in the advancement of Mineral Economics. Since 1986, John has presented the course “Economic Evaluation and Investment Decision Methods” more than 750 times to a variety of companies and government agencies.

After 30 years of teaching on the Colorado School of Mines campus, John retired May of 2017 as an Associate Teaching Professor. During his time at Mines, John taught courses in “Engineering Economics,” “Economics Evaluation and Investment Decision Methods,” and “Advanced Projects,” which were presented to junior, senior and graduate level students. From 1996 thru 2010, and again in 2012 and 2015, CSM graduating seniors recognized Mr. Stermole as one of the “Outstanding Faculty Members” at Colorado School of Mines. In 1997 John was appointed as a Fellow to the Institute for Global Resources Policy and Management at the Colorado School of Mines where his work focused on publications centered around modeling hard rock mining taxation for over 20 countries. From 1998 thru 2005 John also taught this subject matter as an Adjunct Professor at the University of Denver, Sturm College of Law, in their Natural Resource and Environmental Law Graduate Program.

John Stermole gained nearly four years of industry experience at Lowdermilk Construction Co. (also Tectonic Construction), applying the concepts of engineering economics to heavy construction projects including state and interstate highway projects, oil shale mine site development and equipment repair and replacement analyses.

Mr. Andrew H. Pederson

Andrew PedersonAndrew Pederson has been working with Investment Evaluations Corporation since March of 2010. In 2007 he received his B.A. in Economics from Pacific Lutheran University and has a Masters degree in Taxation from Denver University in the College of Law, August 2012. In 2017, Andy was added as an author on the course textbook “Economic Evaluations and Investment Decision Methods” 15th Edition.

In 2016 Andy was promoted to Teaching Associate Professor at Colorado School of Mines in the Division of Economics and Business. From 2012 thru 2015 Andy has worked as an Adjunct Professor in the Division of Economics and Business teaching Engineering Economics to undergraduate students at Colorado School of Mines (Mines). In 2011 Andy served as a Teaching Assistant for the academic courses taught in the Division of Economics and Business, and the Division of Chemical and Biological Engineering at Mines. As a Teaching Associate Professor, Andy lectures and works on course development and assisting students in building their understanding of the concepts presented in class. More than 800 combined undergraduate and graduate students have taken this course in each of the last two years at Mines.

While working with Investment Evaluations Corporation, Andy has lectured in the Colorado School of Mines public short courses, as well as in-house courses for the companies listed below. During those courses he provided lecture and addressed questions during problem solving. Andy is also responsible for website support, course management and revision work leading in part to the 15th Edition of the course textbook.

Prior to working for Investment Evaluations Corporation, Andy worked for the YMCA of Pierce and Kitsap County’s where Andy gained management and budgeting experience, managing a branch, writing the budget, and developing and teaching programs for adults as well as running youth development programs for inner city youth.