Qualifications of a Mineral Property Appraiser
Estimating the value of a mineral property is a unique challenge requiring the specialized knowledge and experience of an appraiser and the expertise of a licensed geologist with mining industry experience.
A geologist with a background in mining is necessary to accurately evaluate the unique, three-dimensional geological characteristics of a mineral property, namely the orebody.
Applying supply and demand economics to the geological characteristics of a property results in the development of an ore reserve, or the quantity and quality of minerals that can reasonably be expected to be extracted from the property at a profit over a period of time. If the economic evaluation of the property indicates that there are no anticipated mining profits, then there is no orebody, and an appraisal of the mineral rights is not necessary.
A certified general appraiser is necessary to perform a Uniform Standards of Professional Appraisal Practice (USPAP) compliant appraisal report that can be utilized by the mining industry, banks, governments agencies, etc.
Valuing mineral properties using the USPAP guidelines has become the generally accepted method in the mining industry, government and academia. Any selected appraiser/geologist must have the experience and knowledge to interpret the geological data, economic feasibility studies, ore reserve analyses, mining plans, accounting records, and other mining property specific information that is necessary to complete an appraisal of a mineral property.
THERE HAS BEEN NO PROOF PROVIDED THAT DONALD L. JENKINS HAS THE EDUCATION, TRAINING OR EXPERTISE TO PERFORM AN APPRAISAL ON THE AZURITE MINE.
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