Let's Discuss Your Appraisal Needs

Ellis offers premium valuation services throughout the USA and around the world. Contact us to discuss the details of your project and see if we’re the right fit.

Get Started >

Market Value Appraisal

Ellis International Services has been a world leader for much more than a decade in provision of high quality, accurate, market value appraisals (including reports of market-based fair value) of mineral properties, from exploration tracts to operating mines and quarries. Such appraisals comprise the large majority of our work. Our market valuation reports are developed to prevailing international or US standards for mineral resource classification, minerals valuation, and professional appraisal practice. Most of the currently relevant valuation standards are listed below.

Mr. Ellis takes a leading role in the development of every mineral property valuation, unless a special arrangement is made with our client. Methodologies refined over many years by Mr. Ellis on difficult valuation assignments are widely recognized as providing the most accurate estimates of market value in the minerals industry.

Our Clients

Our services are best suited to situations warranting an accurate estimate of market value or market-based fair value, derived from comprehensive, in-depth research and analysis, and for which at least two months of lead time is available. Other commitments may prevent us beginning significant work on an assignment for two to four months, after which a difficult appraisal may take us more than three months to complete.

The minimum cost for a market value appraisal for which Mr. Ellis takes responsibility as the minerals appraiser/valuer is US$25,000, with most costing in the range of $45,000 to $90,000. Due to the substantial lead times and costs involved, our market valuation reports are generally best suited for:

  • litigation and arbitration of disputes
  • public financial reporting to stock exchanges
  • government takings valuation
  • donation valuation for taxation filings, including conservation easement donation

EIS has no typical client for which it conducts market value appraisals. Clients have included:

  • small, mid-size, and major mining and energy companies
  • native corporations
  • county, state, and federal government agencies
  • small and large law firms
  • land development and timber companies
  • consulting companies
  • lenders and borrowers

A comprehensive client list is available here.

What Our Clients Get

The level and type of research and analysis conducted for market value appraisals varies by type of mineral deposit and interest held, stage of exploration, development, or operation, the intended use of the valuation, and the sophistication of the intended user. A valuation report developed for use by a quarry owner-operator could consist of as little as 20 pages, written in a somewhat cryptic style, and contain few illustrations and supplemental documents. Whereas, a valuation report on an undeveloped mineral reserve in a complex geographical setting, prepared for a regulatory or potential litigation purpose, will be very comprehensive and written in a narrative style, with extensive illustrations and supplemental document attachments, resulting in a report of 100 to 400 pages. As few as one or as many as five valuation methods may be applied. The mineral resource data and product market information on which the valuation is based can be taken as is without additional research, or re-evaluated and the mineral resource estimate adjusted.

A comprehensive narrative valuation report for a gold property, developed by Mr. Ellis, is available for review. Click here (9.7MB pdf file)

Key Benefits

EIS provides a premium quality valuation service for mineral properties (including operating mines and quarries), conducted by Trevor Ellis, the world’s most recognized mineral property appraiser/valuer. If a potential client has need for an accurate, unbiased, thoroughly researched, clearly written mineral property valuation report, abiding by appropriate standards and best practice for market valuation, it should consider contracting EIS to provide it.

Mr. Ellis has been the global leader for development of international standards and best practice for valuations in the minerals and petroleum industries. He is the leading author and speaker in the field. Additionally, he has refined the most important valuation methodologies for mineral property appraisal through his extensive education, research, and experience in their application.

EIS can provide a premium quality valuation report developed by one of the world’s best known and appropriately qualified, mining industry professionals.

Valuation Standards Applied

EIS develops valuation reports in compliance with either, or a combination of the following standards:

The International Valuation Standards (IVSs) of the International Valuation Standards Council (IVSC), London;
The USA’s Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal Foundation;
The USA’s Uniform Appraisal Standards for Federal Land Acquisitions (UAS) (1.8 MB pdf file) of the Interagency Land Acquisition Conference (also called The Yellow Book);
The Canadian CIMVal Standard (pdf file) of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM);
The Australian VALMIN Code of The Australasian Institute of Mining and Metallurgy (The AusIMM)

EIS also follows the Code of Ethics and Best Practice Guidelines of the International Institute of Minerals Appraisers (IIMA), (previously known as the American Institute of Minerals Appraisers (AIMA)).