The Evaluation of Mining Properties - A Graphical Approach

"NORMALLY the duties of the exploration engineer and geologist cover the initial, and possibly, the most important phase of mining property evaluation; that phase being the presentation of an opinion of the property's ore reserve potential in terms of tonnage and grade. The prime objective of this pa-per is to outline one method of bridging the wide gap that lies between a know ledge of a property' s tonnage and grade potential and an appreciation of the value of that property in dollars and cents.THE PRESENTATION OF PROPERTY EVALUATIONThe engineer engaged on a mining property evaluation, regardless of whether he be an independent consultant, or a company employee, has as his goal, the presentation of his appreciation of the property's potential value or worth within terms of reference acceptable to his principal.To furnish a complete evaluation report, the evaluator must firstly study all aspects pertaining to the particular property under consideration, then present his appreciation of the property's worth in some tangible form. The ultimate presentation is one giving a Present Value of the pro pert y in terms of monetary exchange. Such an idealistic presentation is not always possible; typical preventives being -insufficient reliable information, limited time, Jack of ability and absence of definite direction."