Valuation Issues in the Resources Industry

Organization: The Australasian Institute of Mining and Metallurgy
Pages: 14
Publication Date: Jan 1, 1989
This paper provides a financial perspective to the valuation of Australian resource companies and projects. Valuation exercises need, however, to be seen in the broader context of a thorough business appraisal, one that incorporates all disciplines employed in the resources industry. Fine tuning a discount rate or determining a particular capital structure is likely to be less important to valuation than an adequate understanding of industry dynamics and a company's likely performance in future years.
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