Investigation of value determination and collateralization of marble research and operation licenses

Marble mining is a costly investment in the process of exploration and operation and carries significant commercial risks. The aim of this study was to investigate the value of marble exploration and operating licenses in a correct way and to use them as collateral. It has been envisaged that financial resources and loans can be obtained for a license that is valued by banks, credit and support institutions and whose risks are determined and reported according to international standards. Procedures have been developed in order to use the rights that can be taken as mortgages by the laws and which can be foreclosed, as officially as credit guarantee, with the necessary investigations and researches. Valuation models that can be used to determine the value of marble exploration and operation licenses are examined. Although the existing valuation models are used for the licenses, the valuation model has been developed for the purpose of real value determination by calculating the missing risks and it is aimed to bring into the literature. With the risk expectancy coefficient valuation model, it has been seen that the actual value of the marble exploration and operation licenses can be calculated by calculating the risks.