AN ELECTRONIC MINERAL RESERVE VALUATION METHOD AND A SYSTEM THEREFOR

摘要

A method and system for implementing an electronic mineral reserve valuation is provided. The system includes a communications module for receiving an electronic request message from a purchaser to purchase a quantity of mineral, at a current spot price for the mineral. The quantity of mineral is currently stored in its natural environment in or on the Earth's crust prior to it being extracted. The request includes that the quantity of mineral is to be made available to the purchaser at a future specified time. A memory for storing relevant data and an issuing module then issues the purchaser with a unique electronic certificate including at least the quantity of mineral, agreed specifications and the future specified time.