Skip Hobbs and Bruce Genereaux on location in November

Ammonite was engaged in October to evaluate a royalty stream from one of the largest limestone quarries in America on behalf of an institutional investor owner of that royalty. The scope of the engagement involved meeting with the quarry operator on site to examine the mining operations, planned mine expansion, environmental issues, and mine life.

We built an economic model for the mine and royalty stream, and determined a range of the potential fair market value of the royalty.

As the client owns the land on which the quarry operates, we also looked at potential reclamation options, including turning the site into a lakeside golfing resort. Bruce Genereaux, a minerals economist who at one point in his career was the manager of an operating aggregate quarry in California, was the project lead.