Quarry values built from the resource, operation and market.
Independent valuations of quarry property, going concerns and royalty interests. Our property and business specialists examine the permitted resource, production economics and risks that drive value.
A quarry is more than the land beneath it.
The interest being valued may be a freehold, leasehold, operating business or royalty stream. The method and evidence depend on the resource, approvals, remaining life and the rights attached to that interest. We define the asset and valuation premise before modelling it.
Quarry interests we value
Freehold and leasehold
Land and resource interests considered with tenure, planning approvals and extraction rights.
Going concerns
Operating quarries assessed with production, revenue, costs, plant and working capital considered as the scope requires.
Royalties and transactions
Royalty interests, acquisition due diligence, disputes and financial reporting where a defensible value is needed.
The resource and cash flow need to reconcile.
We test the inputs that materially affect the forecast and explain where evidence is limited.
- Geology and resource estimates, with their confidence and recoverability
- Work authorities, planning permits and operating conditions
- Historical and forecast extraction, product mix and sales rates
- Plant, haulage, labour and other operating costs
- Royalties, capital expenditure and rehabilitation obligations
- Market transactions, discount rates and scenario sensitivities
From scope to a tested valuation.
We align the analysis to the interest, purpose and available technical evidence.
Define the interest
Confirm ownership, tenure, approvals, valuation date and the reporting purpose.
Test the inputs
Review geological and operating material, market evidence and the financial model.
Reconcile value
Apply suitable methods, test sensitivities and explain the conclusion and limitations.
Questions we’re asked.
Speak with a valuer if your matter needs a more specific answer.
Do you value both quarry land and the business?
Yes. We can scope the freehold, leasehold or going concern interest, and identify what is included in each conclusion.
Can you value a royalty interest?
Yes. We consider the royalty terms, expected production, resource life and the risks of the cash flow.
Is discounted cash flow always used?
A discounted cash flow is often relevant to an operating quarry, alongside market evidence and other suitable methods. The approach follows the interest and available data.
What information is needed?
Typically tenure and permits, resource reports, production data, financial results, capital plans, royalty terms and rehabilitation information. We tailor the request to the matter.
Discuss the quarry and the interest to be valued.
Send us the location, purpose, interest and available technical or financial material. We will confirm scope, fee and timeframe.