Valuation of Mineral Property

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. In the case of a mineral estate from which there is no immediate revenue, the engineer with a knowledge of the circumstances forms an estimate of the period which must elapse before revenue commences, and having fixed the probable annual revenue and its term, calculates the present value on the basis of a deferred annuity.