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This was Ken's first professional valuation of a mining property; the first in what would become a long list of quarry mining appraisal assignments that would take him throughout the United States, Canada and Central America.
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The purpose of this paper is to consider the application of capitalisation rates for quarry valuations, which is the main driver of the quarry income and if wrongly applied, can produce significant over valuations. Market Evidence The best way to assess the capitalisation rate for quarry valuations is to consider the market evidence of past ...
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