of the world's total nickel production. Therefore, the Indonesian government pays attention to
the development of smelter companies by planning to build around 53 companies in 2024,
and 56.60 percent of them are nickel smelters. The potential of the nickel smelter needs
attention from various circles, especially academics from various disciplines. One that needs
attention is the study of the method of evaluating the economic value of the investment plan …