Market-Based Real Asset Valuation
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) asked Dr. Laughton and two of his colleagues, Michael Samis and Graham Davis, to write a column for the mining industry on this topic.
This was published in the May 2005 (Vol. 98, No. 1087) issue of the CIM Bulletin in its Voices from Industry series.
Dr. Laughton has revised this column for a more general audience.
The revised version of the column, uploaded on 28 March 2007, is available in .pdf - here.
A scan of the original column is available in .pdf - here.
A printer-friendly version of the original column is available in .pdf - here.
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The photo, taken by Dr. Laughton as he was driving across Canada, is of the TeckCominco/Barrick Williams mine, at Hemlo, Ontario. The mine is right beside the TransCanada Highway. It is the largest gold producer in Canada. The deposit was discovered after the highway was built.