Mineral Rights refer to the ownership and entitlements associated with underground resources such as gold, diamond, silver, ore and other endowments contained in a concession granted to an individual or a firm. The Mineral Rights grant permission to the owner to exploit the mineral resources within the concession. In business valuation analysis, Mineral Rights qualify as intangible assets because they can be recognised, separated, and the associated economic benefits can be reliably measured. 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 mineral rights, business valuators apply techniques under the income, market and asset methods.