Some Valuation Issues Concerning The Preparation of Independent Expert Reports for Mining and Petroleum Companies

There has been much debate in the past as to whether the Australasian Institute of Mining and Meteorology ("AusIMM") should issue valuation guidelines in addition to the ASX and NCSC requirements. My experience in preparing independent expert reports has been that "best practice" sets higher standards than any laws or requirements set out by the ASX and NCSC. This is where I see the AusIMM coming in.