What Is Minerals Appraisal-Valuation?
Mineral property appraisal or mining business valuation is not so much a matter of obtaining the “correct answer” as it is of how the appraiser selected the relevant data, analyzed this data and applied logical reasoning to arrive at a value conclusion that has the necessary level of reliability, supportability and defensibility for the purpose and intended use of the appraisal. The value of a qualified minerals appraiser to a client is a combination of his being a fiduciary (by law) and that he is able to apply his experience and judgment to a variety of mineral property and mining business appraisal situations and to arrive at reasonably probable solutions that are consistent with the purpose and intended use of the appraisal and meet the client’s needs as well as the requirements of USPAP and those of any professional societies the minerals appraiser may belong to. In appraisal theory there are no truly “correct values”, there are only estimates or opinions of value that are implici
