Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

"That said [land and mines], these types of assets don't have the kind of wild swings that marketable securities do, and don't get constantly re-adjusted to whatever their current market value would be like marketable securities do anyway. Other than land, which is not depreciated, the assets gradually get amortized/depreciated over time. They might get marked down if there's a permanent impairment, but that's about it."

What about their true value, however? Once a leasehold or property is known to be prospective, it's value changes a great deal Thinking oil here... A leasehold in the Gulf of Mexico can be had for chumpp-change in these guys' terms. But, a leasehold with proved reserves is worth considerably more, and a preforming well even more. Is land that has been proved prospective still carried at cost. That would make comps between companies more difficult, not less difficult. Mining seems to be a "different" area where some kind of mark to market calculation of ROE would actually be desireable, albeit difficult.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.