This paper outlines the authors' views of the
methodologies which can be employed to value mineral
properties at different stages of development for the
purposes of project financing, mergers and public floats. This paper discusses the key issues in Discounted
Cash Flow (DCF) analysis including the importance of
data verification and the shortcomings in DCF analysis. Stockmarket valuation measures and valuation
methodology for exploration and pre development
projects are examined through examples and pitfalls
are identified. The use of valuations in corporate transactions and
their strategic value is also discussed.