Study on Dynamic Income Present Value Method for Appraising Mineral Resource Assets

The authors of this paper, by making researches on the income present value method for appraisingmineral resources assets using time series analysis theory and asset pricing theory, establish a dynamic model of forecasting the future net incomes of the mineral resource assets to be appraised, and put forward a method for calculating the history data of discount rates. Based on that, they build a dynamic model for forecasting the future discount rates, which is similar to the dynamic model for forecasting net incomes. These models and method lay a foundation for extending the static income present value method into the scientific and practical dynamic income present value method.