Butcher, RJ & Smith, G 2010, 'Strategic considerations in block caving', in Y Potvin (ed.), Caving 2010: Proceedings of the Second International Symposium on Block and Sublevel Caving, Australian Centre for Geomechanics, Perth, pp. 231-236, https://doi.org/10.36487/ACG_rep/1002_14_Butcher (https://papers.acg.uwa.edu.au/p/1002_14_Butcher/) Abstract: Over the last 20 years there have been considerable advances in geotechnical techniques used in the design of block caves. However, despite these advances the successful development of a block caving project relies heavily on many non geotechnical factors such as commodity price, exchange rate and development exploration timing. An understanding of the impacts of these factors is important as they can have a material impact on size, depth and method of undercutting a block cave. This paper further discusses the impacts of fluctuations in commodity prices on cave design by the use of a conceptual model, developing guidance in terms of potential mitigation strategies and options to be employed.