April 2001
Volume 53    Issue 4

Should discounted cash flow projections for the determination of fair market value be based solely on proven and probable reserves?

Mining Engineering , 2001, Vol. 53, No. 4, pp. 30-36
Lawrence, Ross D.

Great strides have recently been made recently in achieving an international consensus on mineral reserve and resource definitions and classifications. The Australasian Joint Ore Reserves Committee (JORC) code, the CIM code in Canada, the SME proposal in the United States and even a proposed code from the United Nations have all brought this objective within reach.

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