A Mineral Production Property denotes a mineral property with an operating mine which has been fully commissioned and is in production. A production property may be with or without a processing plant. In business valuation analysis, a Mineral Production Property qualifies as an intangible asset because it can be recognised and valuators can reliably measure the associated economic benefits. Intangible assets are a class of assets without physical form yet can offer immense value to owners. To estimate the fair market value of intangible assets such as a mineral production property, business valuators apply techniques under the income, market and asset methods.