The Comparative Research Between Geological Main Factors Row Method And Comparable Sales Method Of Valuation In Mining Right Evaluation

In China, the development of mining right evaluation market started late, which is only ten years so far. Although it still needs to perfect, mining right evaluation still plays a very important role in mining market. The mining right evaluation is the basis of mining right transfer, which is an important guarantee to safeguard the legal rights and interests of our country and mining right holders. Its assessment results directly relate to the immediate interests of mining right holders and the healthy development of the mining right market.Currently, there are mainly three ways in the country's mining right evaluation: profit approach, cost approach, market approach. Each kind of approach has its application and conditions. When we evaluate the mining right, we should select the appropriate evaluation approach, according to the specific evaluation object, the characteristics of the evaluation object and the evaluation purpose.Among the three approaches, the profit approach and cost approach is the most widely used approach, because the data needed by these two approaches is relatively easy to collect. For a long time, people inside the industry generally accept these two kinds of approaches, however, the market approach that closely relates to market, few people use it. The main reason is that mining right market development in China has many problems several years ago, and cannot meet the basic conditions using market approach. As time passes, profit approach and cost approach have been used as the fixed pattern inside the industry. In recent years, along with the development of mining industry in China, the mining right trade is more frequent than before, and mining right market also has been promoted in many places. In this large market background, the author thinks that the mining right market in China has been relatively mature, and already has the basic conditions for using the market approach to evaluate the mining right.Relying on the program of"evaluate the exploration right of the polymetallic ore in north of aiergou,dulan county,Qinghai province", the paper contrasts the geological main factors row method in cost approach and the comparable sales method in market approach, and evaluates the mining right again with the comparable sales method to gain a reasonable result conforming to the market rule. Meanwhile, the paper discusses the aspects that need to pay attention in the progress of using the comparable sales method, and the problems of parameter selection, and so on. Finally, the author hopes more experts, scholars promote the comparable sales method significantly, and make it can be used widely in mining evaluation.