The Company Perspective on Valuation Methods for Exploration Properties

The paper provides a company's view of the relative merits of various valuation methods and outlines the basic approach it takes to the valuation of an exploration property. The negotiating process and methods of acquiring an interest in an exploration property is discussed The valuation methods discussed are: 1. Exploration Expenditure. 2. Real Estate. 3. Joint Venture Terms. 4. Rule of Thumb. 5. Net Present Value - Discounted Cash Flow. 6. Geoengineering.