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By Gavin Ritson, Chris Ward

"The oil sands industry is still fairly young with the first viable oil sand operation having been started in Alberta in 1960. Since then numerous modifications and improvements have been tried and implemented. The current process makes use of high velocity pumping of oil sands slurry with hot water (hydrotransport) to achieve separation of bitumen from the sand.A number of the oil sands processes have been adapted from unit operations that are used in mineral processing, such as crushing, screening, flotation, cycloning and thickening. This paper outlines a typical oil sands process flowsheet and investigates the differences and similarities in technologies and costs to other mineral processing industries. It also considers the very large throughputs required, and presents some of the difficulties and challenges currently faced by the industry as a result of high demand for oil and environmental pressures.INTRODUCTIONOil sands (also known as tar sands) deposits are found throughout the world. The Athabasca Oil Sands deposit in Aberta is the largest of these. Oil sands consist of a mixture of crude bitumen (a semi-solid form of crude oil), silica sand, clay minerals, and water. The Athabasca, Peace River and Cold Lake deposits cover 141,000 square kilometers and contain about 1.7 trillion barrels (270×109 m3) of bitumen in-place, comparable in magnitude to the world's total proven reserves of conventional oil"

Jan 1, 2009

By Kenneth L. Norris

Stonegate Agricom Ltd. is currently conducting exploration and development drilling of the Paris Hills Phosphate Project (Paris Hills Project) located in Bear Lake County, southeastern Idaho, 3.2 km west of the towns of Paris and Bloomington, Idaho. The project is located adjacent to a highway and 19 km by paved highway to Montpelier, Idaho where the Union Pacific Railroad system is located. Power and water are available locally. The nearest metropolitan centre is Salt Lake City, Utah approximately 225 km by road to the south-west of the property. The Paris Hills Project encompasses an area of approximately 856 hectares. Property holdings consist of three (3) patented lode mining claims and 16 contiguous fee parcels (some with federal phosphate leases). Active open pit phosphate mining operations are located in surrounding counties in south-east Idaho and are owned and operated by Agrium Inc., Monsanto Company and J.R. Simplot Company. The Paris Hills Project is located near the centre of the Western Phosphate Field which constitutes the most extensive phosphorite beds in the United States. Phosphate beds of the Western Phosphate Field occur within the Phosphoria Formation of Permian age and extend over an area of more than 350,000 km2 including extensive areas of Idaho, Utah, Wyoming and Montana. At Paris Hills the phosphate mineralized beds occur in the overturned limb and the horizontal limb of the Paris Syncline. Grades and thicknesses in both the western overturned limb and the eastern horizontal limb of the anticline are similar. The vast majority of potential mineralization occurs in the horizontal limb which underlies most of the property holdings. Mineralization in the overturned limb has a strike length of over three (3) kilometres and extends from the surface to a depth exceeding 300 m depending on location along the north-trending strike of outcrops. Depths of the horizontal limb range from surface along the north side of Bloomington Canyon to estimated depths of 915 to 1,035 m at Paris Canyon. The property contains an Inferred resource of 109.6 million tonnes at 23.6% P2O5 over two mineralized horizons. The phosphate zones have a strike length of over 3 km and extend from surface to a depth of at least 900 m. Drilling commenced late in the 3rd quarter of 2010 and is planned to continue through 2011. The drilling was planned to target an area of potentially higher grade phosphate mineralization and better define and upgrade the current resources.

May 1, 2011

By S. L. Bolivar

The Prairie Creek intrusion, near Murfreesboro, AR, is the site of the most famous diamond mine in North America. Three major rock types are associated with the intrusion-a hypabyssal peridotite, a volcanic breccia in which the majority of diamonds occur, and tuft. Previous studies, including geological, geophysical, petrological, and whole-rock and mineral chemistry are reviewed. The recent suggestion, by other workers, that this intrusion may be more correctly called a lamproite is examined. This has serious implications for diamond exploration in Arkansas and elsewhere in the US.

Jan 1, 1987

By Stephen L. Bolivar

The Prairie Creek intrusion, near Murfreesboro, Arkansas, is the site of the only commercial diamond mine in North America. Three major lithologies are associated with the intrusion, a hypabyssal peridotite, a volcanic breccia in .which the majority of diamonds occur, and associated tuff. Previous studies, including mining history, geological, geophysical, petrological and whole-rock and mineral chemistry are reviewed. The recent suggestion, by other workers, that this intrusion may be more correctly called a lamproite is examined and supported. This has serious implications for diamond exploration in Arkansas and elsewhere in the U.S.

Jan 1, 1984

By I. Duckworth

P.T. Freeport Indonesia operates a mining complex located in the highlands of Papua, Indonesia. This district consists of both underground and surface operations. The East Ertsberg Skarn System (EESS) is one of the major orebodies in this district. Subsurface caving of the EESS has been carried out in a systematic series of mining lifts dating back almost 30 years. Present production is from the third lift (Deep Ore Zone), which is scheduled to peak at 80,000 mtpd during 2009, with this rate sustained through 2015. The orebody is proven below the existing caving level, with the next vertical block called the Deep Mill Level Zone (DMLZ). This paper presents an overview of the DMLZ Mine based on recent feasibility level study. The mine is being designed for a peak production rate of 29.2 million mtpy, with 1,803 total ore draw points spread over a panel caving footprint of about 1.3km by 375m. The present reserves for this mine total 501 million tonnes. Located 1,400-1,800m below the original surface, the DMLZ will be one of the deepest caving operations in the world. Production is scheduled to commence in 2015. Discussion is provided on most design aspects including; caving methodology and layouts, geotechnical predictions and risks, ore handling systems, ventilation design and associated infrastructure, high-lift pumping system, cost estimation and expenditure scheduling.

Jan 1, 2010

The introduction of gravimetric sampling of respirable dust in the mining industry ne- cessitated the standardisation of techniques. The paper reviews the legislation con- trolling respirable dust monitoring for risk assessment purposes, it discusses the actions taken to introduce gravimetric sampling in collieries and it summarises the proposed guidelines. In conclusion, some of the results of dust surveys conducted in accordance with the proposed strategy are discussed.

Jan 1, 1988

By K. B. Culver

"This paper provides background information on the expansion programs of Rio Algom Limited at Elliot Lake. Included are details on the Quirke expansion program, the Panel mine rehabilitation program, including the selection procedure for the tailings containment area, the Stanleigh mine rehabilitation program, housing, government regulations and the Environmental Assessment Board hearings. Introduction After 2Y2 years of public hearings, 4 years of arbritrating differences of opinion between our engineers and government licencing authorities, interspersed with research into radium removal and development of the LAMIX process and carrying out the work associated with some 24 control orders issued to us by the MOE, it is very difficult to compress all of the experiences and frustrations into a single paper. The highlights, as they relate to the expansion programs of Rio Algorn Limited and its affiliate, Preston Mines Limited, will be covered. Denison Mines Limited, of course, is the other uranium producer in Elliot Lake. They are currently in the process of expanding from 7,000 to 11,000 TPD by the second half of 1980 and then to 15,000 TPD by the mid 1980's. In giving this overview, the following seven items will be discussed: • The basis for Rio Algom's and Preston's expansion plans. • The Quirke Expansion. • The Panel Rehabilitation. • The Stanleigh Rehabilitation. • Housing Programs. • Government Licencing Requirements. • Environmental Assessment Board Hearings."

Jan 1, 1980

By Geoffrey Berry

Exposure?response relationships between the relative risk of lung cancer and quantitative measures of exposure to asbestos are available from a number of epidemiological studies. Meta-analyses of these relationships have been published by Lash et al. (1997) [Lash, T.L., Crouch, E.A.C., Green, L.C., 1997. A meta-analysis of the relation between cumulative exposure to asbestos and relative risk of lung cancer. Occup. Environ. Med. 54, 254?263] and Hodgson and Darnton (2000) [Hodgson, J.T., Darnton, A., 2000. The quantitative risks of mesothelioma and lung cancer in relation to asbestos exposure. Ann. Occup. Hyg. 44, 565?601]. In this paper, the risks derived in these meta-analyses have been compared. Lash et al., concentrated on process and found that the risk of lung cancer increased as the asbestos is refined by processing. Hodgson and Darnton concentrated on fibre type and found that the risk was highest for exposure to amphibole asbestos (crocidolite and amosite), lowest for chrysotile and intermediate for mixed exposure. Some of the differences between the conclusions from the two meta-analyses are a consequence of the choice of studies included. The range of asbestos types included in the studies in the analysis of Hodgson and Darnton was wider than that in Lash et al., enabling differences between fibre types to be analyzed more readily. There are situations where occupational exposure to chrysotile asbestos has shown no detectable increase in risk of lung cancer. Taconite miners have shown no increased risk of mortality due to lung cancer. © 2007 Elsevier Inc. All rights reserved. Keywords: Mesothelioma; Amosite; Grunerite; Taconite; Crocidolite; Tremolite; Anthophyllite; Winchite; Risk assessment; Etiology

Jan 1, 2007

By D. J. Kunz

Myanmar Ivanhoe Copper Company Ltd. (MICCL) has been operating the Sabetaung- Kyisintaung (S&K) Project producing LME Grade A Copper Cathode using the Heap Leach-SX-EW Process since 1998. The mineralization is mainly Chalcocite and the mine has a life of 20 years at the designed annual production of 25,000 tonnes of cathode copper. Design capacity was achieved within two of months of start-up. The mine is among the world’s lowest cost, Heap Leach-SX-EW operations. Information regarding plant design and operation are presented along with the challenges lying ahead and the latest developments. Daniel Kunz is President and Chief Operating Officer of Ivanhoe Mines, and a director of MICCL. He has more than 20 years’ experience in mining, construction and engineering. Prior to joining Ivanhoe Mines in 1996, Mr. Kunz was Vice President and Controller of Morrison Knudsen Corporation, a major international mining and construction company. He was also President and Chief Executive Officer of MK Gold Company, a public mining company listed on NASDAQ.

Jan 1, 2001

By Aldo F. Barsotti

The production and consumption of industrial minerals in the United States traditionally have played important roles in mining and in the supply of the bulk of basic raw materials to the economy. This diverse group of minerals extracted and consumed by a variety of industries accounts, on a weight and volume basis, for most mineral-based products consumed in our economy. Industrial minerals form the bulk of the basic raw-materials feedstock for most of the construction, agricultural, and inorganic-chemical-manufacturing sectors, and a good portion of the transportation, manufacturing, organic chemical, and service sectors of the U.S. economy. In this presentation, I discuss current estimates of the amount and value of industrial minerals mined compared with all mining in 1997. I then present a summary of 1997 production of industrial minerals by several end-use industries. This is followed by a historical perspective of the consumption of industrial minerals as a subset of all basic materials, with special emphasis on the aggregates industry. The presentation concludes with a look at the geographic distribution of industrial mineral operations in the United States and some thoughts about the future.

Jan 1, 1999

By J. W. Scott, G. G. R. Falkenberg

"The Syncrude project is an integrated complex designed to mine, extract and upgrade bitumen from the Athabasca tar sands to produce 129,000 barrels per day of synthetic crude oil. This paper provides a brief general description of the location, history and geology of the tar sands and the overall organization and structure of the project. The major emphasis and the bulk of the detail presented deals with the extraction plant; a material handling and mineral processing installation designed to treat 312,000 tons per day of tar sand feed.History of the Tar SandsThe Athabasca tar sand deposit was recorded in 1788 by Peter Pond, however the first serious geological mapping and exploration did not begin until 1915. Little interest was taken in the deposits until the Second World War, when the governments of Canada and Alberta conducted an extensive exploration program. In addition a number of pilot plants were sponsored during the 1940 -1950 decade. The hot water separation process was successfully demonstrated on the pilot plant scale during 1948 -49, and was established commercially in 1967 in the G.C.O.S. plant. The Syncrude plant, due to come on stream in April 1978, also employs the hot water separation process."

Jan 1, 1978

By J. E. Bevan

Once mining compromises the stability of a rock mass, the dangerous task of roof bolting begins. Many attempts have been made to automate this process, but there are still many refinements that need to be made. In the past, roof bolting modules were designed around the abilities of a human operator. Currently, researchers are taking a new approach that focuses on designing modules that can utilize bolting methods that are easily automated. A non-rotating anchor that is locked into position by a linear force (as opposed to a rotational force) was designed by researchers at the U.S. Bureau of Mines. Once the bolt is secured in the bolt-hole by the anchor, the bolt is tensioned and a collet is used to secure the other end of the bolt. This process replaces the traditional bolt-nut fastening method. This program is part of an effort at the U.S. Bureau of Mines to automate the coal mining process.

Jan 1, 1994

By III Feeley

Coal is the nation's most abundant fossil energy resource and serves as the primary fuel for the U.S. electric-power industry. However, its continued and expanded use is often challenged by the nature and amount of its associated impurities, such as mineral matter, sulfur, and trace elements. The moderate- to high-sulfur content of many U.S. coals is of particular concern today as potentially more stringent regulations requiring further reductions in sulfur dioxide emissions are being considered. The most prevalent method currently employed to control SO2 emissions from coal-burning facilities is post-combustion flue-gas desulfurization. However, physical coal cleaning (a.k.a. beneficiation, preparation) methods can also be effective in removing sulfur and ash impurities from coal prior to combustion. In a typical physical cleaning operation, raw coal is crushed to about 50-mm (2-inch) topsize, and then screened into coarse, intermediate, and fine size fractions. Crushing liberates some of the ash-forming minerals, including the portion of inorganic sulfur (pyritic) not chemically bound to the coal matrix. The percentage of impurities liberated generally increases as the coal particle size is reduced. Coarse- and intermediate-sized coal particles are typically subjected to specific gravity-based cleaning methods, while fine-sized (less than 0.5-mm) coal particles are beneficiated using froth flotation, a technique based on surface property differences. Greater cleaning potential exists at finer sizes because of increased liberation of impurities, but this potential is not fully realized because of inefficiencies associated with fine particle separation using state-of-the-art coal cleaning technologies.

Jan 1, 1990

By R. Carpenter, H. Muntanion, P. Kleespies, E. Flood, M. Tansey

Abstract - BHP Minerals discovered the Archean lode gold ULU deposit on the western margin of the High Lake Volcanic Belt in 1989. The greenschist to amphibolite facies mafic volcanic and sedimentary rocks on the property are folded into a 5 km-long anticline. There is a close spatial association of Au-As zones to the trace of this F2 ULU anticline. The largest of these auriferous zones, the Flood zone, is localized at the core of the fold. The southeast-trending Flood zone consists of several anastomosing lenses that have been traced for 435 m on surface. Overall, it dips steeply (70° to 80°) to the southwest and has been intersected to depths below 600 m. The hosting high-iron tholeitic basalt displays a lower amphibolite mineral assemblage of ferrohornblende + plagioclase + ilmenite with accessory quartz and epidote. Alteration minerals include biotite, chlorite, hornblende, actinolite-tremolite, and potassium feldspar (microcline) with minor calcite, epidote, tourmaline, and titanite. The highest gold values occur where brecciated basaltic wall-rock clasts are replaced by acicular arsenopyrite + quartz + K-feldspar. BHP Minerals completed 54,783 m of both exploration and resource development drilling before selling the ULU property to Echo Bay Mines in 1995. Development of ULU as a satellite deposit to Echo Bay’s Lupin mine began in 1996. A -15% ramp was extended to the 155-meter level, and 16,011 m of underground drilling were completed before the decline in gold prices forced a suspension of activities at ULU in August 1997. The current owners, Wolfden Resources Inc., drilled 18,569 m in 2004 to increase confidence in the resource blocks. Following this drill program, a revised resource calculated by an independent consultant determined that the ULU deposit contains an inferred/indicated mineral resource of 1,130,000 t grading 11.34 g/t gold (373,748 oz) to the 360-m level. The portal was re-opened in 2005 and a prefeasibility study is underway.

Jan 1, 2004

By D. Akers, R. Dospoy

Introduction The geological processes that form coal can also concentrate trace elements in the coal. For example, the average concentration of arsenic in bituminous coal (20 ppm) is ten times the average concentration found in all the other rocks that make up the earth's crust (2 ppm). Similarly, other elements, such as antimony, cadmium, mercury and selenium, are more concentrated in coal than in the earth's crust. When coal is burned, trace elements can be further concentrated. Although no new constraints on trace clement emissions were placed on the power generation industry under the 1990 Clean Air Act Amendments, the act does mandate a three-year study of air toxics. Any new regulations aimed at electric utilities as a result of this Federally-mandated study will almost assuredly be very costly-an estimated $1 billion per year. Many trace elements in coal are associated with mineral matter. For example, arsenic is commonly associated with pyrite, cadmium with sphalerite, chromium with clay minerals, mercury with pyrite and cinnabar, nickel with millerite, pyrite and other sulfides, and selenium with lead selenide, pyrite and other sulfides (Finkelman, 1980). There are also cases in which some of these elements are organically bound. Just as both organic and pyritic sulfur can be found in the same coal, the same trace element may be both organically bound and present as part of a mineral in the sane coal. Physical coal cleaning techniques are effective in removing mineral matter from coal and can potentially remove at least some of the trace elements associated with specific minerals, thereby reducing the release of these elements into the atmosphere. Conventional coal cleaning to remove trace elements As part of a project funded by the Electric Power Research Institute, CQ Inc., a wholly-owned EPRI subsidiary located in western Pennsylvania, has demonstrated that large reductions in the concentration of many trace elements are possible if conventional coal cleaning techniques are properly applied. Four examples are given in Tables 1 to 4. In each example, the results shown were generated by cleaning the coal at CQ Inc.'s commercial-scale cleaning test facility. Cleaning results for Upper Freeport Seam coal from Northern Appalachia are provided in Table 1. Data are presented in the table in two ways: as a weight-based concentration (parts per million) and as a concentration per heat unit (grams per billion Btu). Grams per billion Btu is analogous to pounds per million Btu, but avoids the use of numbers with many decimal places. The heat-based concentration provides a better measure of boiler impacts, because the increased heating value obtained through coal cleaning reduces the number of tons that must be burned to produce a given thermal output. Reducing the quantity of coal burned reduces the quantity of trace elements entering the boiler. This raw coal is relatively high in several trace elements of environmental concern, including arsenic, cadmium and chromium. Cleaning provided large reductions in the quantity of arsenic, barium, cadmium, chromium, fluorine, lead, mercury, nickel, silver and zinc. The results for tests with a Powder River Basin coal, Rosebud/McKay, are presented in Table 2. Large reductions in arsenic, barium, cadmium, fluorine, mercury, nickel, selenium and zinc were observed with cleaning. The concentration of chromium increased with cleaning, while lead concentration increased in one test and decreased in another. Table 3 presents test results for Croweburg Seam coal from Oklahoma. Large reductions in arsenic, barium, cadmium, chromium and zinc were obtained with cleaning. Smaller reductions were obtained with lead and nickel, while chromium, fluorine and mercury increased in at least one of the tests. Table 4 presents cleaning test data for Kentucky No.11 Seam coal. In this case, large reductions were obtained with all elements measured. In general, these data indicate that physical coal cleaning is effective in reducing the concentration of many trace elements, especially if they are present in the coal at relatively high concentrations. The degree of reduction achieved is coal-specific, relating in part to the degree of mineral association of the specific trace element and the degree of liberation of the trace element-bearing mineral. The extent of trace element removal also depends on the method of cleaning the coal. Figure 1 is a washability plot, by size fraction, of arsenic vs. ash content for Upper Freeport

Jan 1, 1994

By S Jokanovic

At New Zealand Steel MiningÆs Waikato North Head operation a Bucket Wheel Excavator û shiftable conveyor mining system is used to excavate titanomagnetite bearing sand and clay. The system utilises two Bucket Wheel Excavators and two Beltwagons with a two shiftable bench conveyors and two common trunk conveyors to deliver material to a processing plant. The original system was commissioned in 1984 as a high capacity, low cost method of excavating. In 1996 a second Beltwagon was purchased, increasing the flexibility of the mining system.

Jan 1, 2002

By E A. G Marques, P M. Dight, T A. V Costa, K Mercer

Brazilian banded iron formation (BIF), known as ‘itabirite’, is the main host rock for iron ore in the Iron Quadrangle mines, Brazil. Their geneses are controversial and it is agreed that diagenetic, metamorphic and tectonic events, as well as weathering processes, were responsible for the iron concentration. In addition, it is understood that weathering processes are mainly responsible for reducing the original high intact rock strength, and for generating deep weathered profiles with low strength rocks commonly observed in Vale’s mines.A considerable amount of work has been done to correlate the macro and micro aspects of the itabirites as physical, chemical and geotechnical characteristics that directly or indirectly affect the intact rock strength; however, it is not yet clearly understood what effects the weathering processes have on the strength reduction of these rocks and its associated impact on pit slope stability. This forms a key focus of the lead author’s current research work.This paper presents a review of the geological, geotechnical and weathering characteristics of the itabirites, and early results for the evaluations of fresh itabirites from the PhD thesis research being undertaken by the authors at the Australian Centre for Geomechanics, School of Civil, Environmental and Mining Engineering, The University of Western Australia, sponsored by Vale SA.The results showed that to evaluate the density and unconfined compressive strength (UCS) correlation, not only the porosity but also the geological features should be considered, as they are responsible for data dispersion; however, the presented data suggested a trend that provides the confidence to develop advanced studies and a data population increment to establish proper correlations to support a reliable UCS method.CITATION:Costa, T A V, Dight, P M, Mercer, K and Marques, E A G, 2015. An overview of the weathering process, preliminary density and unconfined compressive strength correlations for fresh itabirites in vale mines on the western side of the Iron Quadrangle, Brazil, in Proceedings Iron Ore 2015, pp 241–254 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

Keywords: Pyrometallurgy, zinc, electrowinning Zincor has been producing zinc since 1969 via the roast-leach-electrowinning process. It is the only primary zinc producer in South Africa, and currently supplies the entire country with zinc. The plant was built by Goldfields of South Africa, on the site of an old gold and uranium mine. Since then, the ownership of the plant has changed a couple of times, and the plant and process have also been improved. Production output has increased from around 80 000 tons per year to more than 110 000 tons per year. This was done mainly through increasing the capacity of the roasters and acid plant. Zincor produces four main grades of zinc: SHG, Zn1, Zn2, and Zn4, in three shapes: a 25 kg ingot and 1 and 2 ton jumbos. In 2005, a pre-alloy furnace was built that enabled the production of jumbos pre-alloyed with aluminium. This has allowed Zincor's customers to improve the efficiency of their continuous galvanizing lines and to lower their production costs.

Jan 1, 2006

By R. E. Hucko

The principal thrust of the U.S. Department of Energy (DOE) Coal Preparation R&D Program is to develop technology to reduce the ash and sulfur contents of United States coals to levels such that the resultant product can be formulated into a high quality solid or slurry fuel that could replace oil or natural gas in both new and retrofit applications. Specifically, the objective is to develop and refine cost-effective physical and chemical beneficiation processes to extract 85-95 percent of the total sulfur and ash. The Coal Preparation program is implemented by the Pittsburgh Energy Technology Center (PETC) and is conducted both in-house and by a cross section of industrial organizations, universities, and national laboratories. Research is subdivided into three areas -coal characterization, beneficiation, and ancillary unit operations. This paper will provide a brief overview of many of the research projects being carried out in these areas in fiscal year 1984.

Jan 1, 1984

In mineral asset valuation the use of any valuation method requires the input of competent and independent technical professionals. A resource valuation must be as transparent as possible to allow others to assess the validity of their underlying assumptions. Materiality is a dominant factor in all valuations and a valuer should set out the basis for the subjective decisions made in this regard. Any valuation methodology must comply with the requirements of the law, practice notes and guidelines issued by the various relevant authorities and professional bodies. The valuation methodology chosen to value a mineral asset depends upon the amount of data available on that asset and the reliance that can be placed upon those data. Mineral assets generally fall into one of three broad categories, depending upon their state of development, ie whether they are at the exploration, development or operating stage. Naturally there are transition phases. Hence, there are ""Grass Roots"" Exploration Areas and Advanced Exploration Prospects; Pre-Development Projects and Developing Mines; and Operating Mines. The features of each of these mineral asset status categories are described, mainly in terms of the confidence in the contained identified Resources/ Reserves. The various subjective methodologies available for the valuation of ""Grass Roots"" Exploration Areas and Advanced Exploration Prospects -are specifically reviewed. The pitfalls in adopting a ""recipe"" approach are noted. It is the author's view that the Expected Value Method (based on the probability adjustment of the output of a Discounted Cash Flow/ Net Present Value model) has little application in the valuation of exploration mineral assets, so it is only briefly addressed. The methodologies reviewed are listed below. ò Multiple of Exploration Expenditure Method (expenditure based). ò Joint Venture Terms Method (expenditure based). ò Geoscience Rating Methods (eg Kilburn - area based). ò Comparable Market Value Method (real estate based). ò Rules of Thumb (eg $/Resource or production unit; % of in situ value). Some recent Prospectuses are used to provide examples of their misinterpretation and misapplication.

Jan 1, 1994