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Under Ellis International Services, Mr. Ellis has been an independent consultant since 1983. In addition to the minerals experience shown below, he has extensive professional experience in environmental matters, decision analysis, data management, computer programming and systems management. He has worked on a dozen superfund and many other environmental remediation projects.

For more than a decade, Mr. Ellis has specialized in the market value appraisal (valuation) of mineral properties as a Certified Minerals Appraiser, and a Certified General Appraiser (Colorado). He has taken numerous appraisal courses from major USA appraisal societies (below). He is frequently called upon to provide expert consultation and testimony on mineral property valuation matters.

Mr. Ellis has had active involvement in the evolution of the American Institute of Minerals Appraisers, having held the posts of Treasurer, Vice President, and President. He drafted the Institute’s Code of Ethics, which is binding on its members. In 1999, he was its leader on national and international standards development issues for valuation of minerals and oil and gas properties and businesses. He continues to assist its Standards and Education Committees.

Mr. Ellis has also been actively involved in the Society for Mining, Metallurgy, and Exploration (SME). In 2000, he organized and chaired three valuation sessions for the SME’s Annual Meeting in Salt Lake City. Since then he has organized and chaired many more valuation sessions for SME-AIMA Annual Meetings. In 2012, he began organizing and chairing an SME committee for development of international mineral valuation standards and guidelines.


Master of Science in Mineral Economics
Colorado School of Mines1978 (gpa 4.0/4.0)Bachelor of Science in Geology
University of Melbourne 1970

Graduate level Business Administration Studies
University of Melbourne 1 year
University of Nebraska 1 year

Continuing Education Courses
Mine cost estimation
Computer applications
Appraisal/valuation courses, 500 classroom hours since 1998, including:

  • SME Due Diligence and Valuation of Industrial Minerals
  • ASFMRA A-300 Advanced Approaches to Value of Rural Appraisal
  • ASFMRA A-34 Advanced Resource Appraisal
  • ASFMRA A-30 Advanced Rural Appraisal
  • ASFMRA A-29 Highest and Best Use
  • ASFMRA A-25 Eminent Domain
  • ASFMRA A-20 Principles of Rural Appraisal
  • ASFMRA A-12 Part II Uniform Standards of Professional Appraisal Practice (USPAP)
  • ASFMRA A-12 Part I Code of Ethics
  • ASFMRA A-10 Fundamentals of Rural Appraisal
  • ASFMRA Income Approach/Discounting and Leases
  • ASFMRA Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA/Yellow Book) Courses and Seminars
  • ASA ALL215 Appraisal Report Writing
  • ASA RP202 Introduction to Income Capitalization
  • AI Conservation Easement Appraisal
  • AI Uniform Appraisal Standards for Federal Land Acquisitions
  • AI, ASFMRA, and McKissock USPAP Updates
  • AI The Road Less Traveled: Special Purpose Properties
  • CAPE Minerals Appraisal Symposium

Registrations and Certifications

Certified Minerals Appraiser, #1994-1, AIMA, (American Institute of Minerals Appraisers)
Certified General Appraiser, #CG40024373, Colorado
Certified Professional Geologist, #6740, AIPG (American Institute of Professional Geologists)
Professional Geologist, #PG-3447, Wyoming
Registered Professional Geologist, #1522, Kentucky
Certified Professional Geologist, #337, Alaska
Corporate Member (Fellow) #100170 – The Australasian Institute of Mining and Metallurgy
Chartered Professional Geologist #495 – The Australasian Institute of Mining and Metallurgy

Professional Memberships

American Institute of Minerals Appraisers – CMA#1994-1
President 2000-2002
Vice President 1998-2000
Treasurer 1995-1997
Mentor Chairman 2009-2011
Standards development committee 1999, 2002-2008, 2012
Education committee 2003-Present
Drafted the Institute’s Code of Ethics
Received Letter of Appreciation, 2005

The American Institute of Professional Geologists – CPG#6740
Outstanding Service Award, Colorado Section, 1995, 2000
Advisory Board, Colorado section, 2000, 2002
International Affairs Committee member 1996-1998
International session coordinator and Chair, 1995 Annual Convention

American Society of Farm Managers and Rural Appraisers (Candidate Member)*

The Australasian Institute of Mining and Metallurgy #100170
Chartered Professional Geologist

Canadian Institute of Mining, Metallurgy and Petroleum

Colorado Mining Association

Colorado School of Mines Alumni Association

Denver Region Exploration Geologist Society

International Association for Energy Economics
VP of Denver Chapter, 1995-2000

International Valuation Standards Committee, now the International Valuation Standards Council
Chairman of the Extractive Industries Expert Group, 2001-2008

Prospectors and Developers Association of Canada

Society for Mining, Metallurgy, and Exploration #919950
Organizer and Chair of the Valuation Sessions for years 2000, 2001, 2004, 2005, and 2011 for the SME-AIMA Annual Meetings.
Chairman, committee for international valuation standards development, 2012.

*Candidate Member – completed all required education for accreditation, but testing and review incomplete.