A comparative study of valuation methodologies for mineral developments

摘要: Valuators of mineral properties are faced with a range valuation methodologies, the most important which grouped under headings market approach, cost approach and income approach. The way in value is defined detail different methodologies examined here. This paper aims at documenting variety procedures applying each method to gold projects comparing outcomes. Any decision apply technique will depend principally on stage project has been developed. greenfield be substantially from that applied well-drilled, extensively explored property. Furthermore, exercise may produce outcomes for same depending applied. In order investigate variability methods explore approaches, series five was analysed. differ regard levels capital application, infrastructural setting, depth below surface, situ grade, development, were valued using methods. critical aspect any capacity valuer identify salient issues ensure they incorporated into valuation. danger simply i?½black boxi?½ solutions problems without full understanding parameters areas uncertainty emphasized. importance valuatori?½s experience, insights best practice ability recognize submit requirements compliance within minerals industry among characteristics valuer.