The appraisal of mineral-bearing properties
Language: English Series: Valuation (ASA) ; October 1974, 2-9(8)Publication details: 1974Subject(s): Summary: Petroleum and mining properties differ from other types of real property in that they suffer depletion and are essentially irreplaceable; their market is commonly regional, national or international rather than local; their value is consonant with the present worth of their `reserves`, and reserves estimation is a science; cost is not relevant to value, sales are rare and are not useful except for the extraction of capitalisation rates, and the income approach to value is therefore paramount.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | A191 (Browse shelf(Opens below)) | 1 | Available | 27600-1001 |
Petroleum and mining properties differ from other types of real property in that they suffer depletion and are essentially irreplaceable; their market is commonly regional, national or international rather than local; their value is consonant with the present worth of their `reserves`, and reserves estimation is a science; cost is not relevant to value, sales are rare and are not useful except for the extraction of capitalisation rates, and the income approach to value is therefore paramount.