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Excerpt from The Valuation of Mineral Property: Rules and Tables
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.
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publisher: Forgotten Books (June 26, 2016)
isbn: 1332772188, 978-1332772186,
weight: 8.8 ounces (