How do we accurately (!) define the value of a mining / resource companies assets? I thought this thread would be a good place for ideas and methods to be placed to assist everyone in evaluating that 'hot new announcement'.
I've started this because one of my shares is targeting gas with a total target of 1.2TCF - I know this is double the annual consumption of gas in Australia so is a sizeable target - but what the hell is it worth? I have no idea.
My contribution is a rule of thumb calc for Oil reserves. Underground it's worth about $20 a barrel.
So now over to the collective intelligence how can we put an asset value on in ground resources for gas, gold, coal, silver, nickel, urnaium etc? Any resource is welcome.
If people are good enough to contribute I'll figure out some way to keep all this info in one place. Over to the ASF'ers.