Estimating the value of a mineral property is a unique challenge requiring the specialized knowledge and experience of a certified general real estate appraiser and the expertise of a licensed geologist or mining engineer with mining industry experience. A geologist with a background in mining is necessary to accurately evaluate the unique, three-dimensional geological characteristics of a mineral property, namely the orebody.  Applying supply and demand economics to the geological characteristics results in the development of an ore reserve, or the quantity and quality of minerals that can reasonably be expected to be extracted from the property at a profit over a period of time.  The capitalization of income using a discounted cash flow analysis has become an accepted method for estimating the value of a mineral property because the income that can be generated by the extraction of the minerals is what drives the market value.