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Major Procedural Options Considered by Task Force IIIl
Evaluation of Small Tracts
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analysis applicable approach capital coal lease market coal lease sales coal prices coal production coal properties coal resource economic comparable lease comparable sales competitive conservative considered determine discount rate discounted cash flow economic evaluation economic rent existing expected rent expected value f.o.b. price factors fair market value Federal coal lease Federal coal management Federal coal tracts Federal government Federal lease Federal tract FMV task force increase industry intertract bidding lessee market price Market Value Task method Mineral Leasing minimum acceptable bid mining operation mining unit obtain oil and gas option ownership percent potential bidders present value private coal production cost profit profit-sharing quasi-rents rate of return rent capture rent estimate reservation price resource rents revenue royalty rate Secretary Section small tracts supply cost curve tract evaluation U.S. Geological Survey uncertainty USGS utilities value economic Value Task Force Western Fuels Association