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Mineral Appraisals: What is the Value of a Quarry or Mine?

The quarry operator usually pays rent or a per-ton royalty to the municipality. Figure 1. Diagram showing a Quarry Property Mineral Reserves and Resources According to the U.S. Securities and Exchange Commission (SEC) definitions, a reserve is a mineral deposit that can be economically mined at the time of the reserve determination.

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Appendix Ii Property Valuation Report. ... and fair value of real property for taxation purposes including property upon which there is a coal or other mine or stone or other quarry must be based upon the following criteria a Any sales of the property being appraised or similar properties with respect to sales made within the past five years ...

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Additionally, many of our efforts have involved underground mining operations, and we have also completed multiple appraisals for architectural stone mines such as Blue Stone, Cut Limestone, and Field Stone Quarries. Dimension Stone Appraisal. Presentations Mineral Valuation Presentation - August 2013 (PDF - 1.8 ) Valuation of Aggregate ...

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J.R. Dunn reports that a typical spacing for core holes is one hole per four acres, al-though a wider spacing may be justified where rock is homogeneous over large areas. The author has found that one hole per 20 acres is sufficiently close to prove stone re-serves in Midwest carbonate deposits. To classify reserves in the probable category, a

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