The Net Present Value Method And Real Option Wears Mining Right Assessment Study

Assessment of mining rights is estimating the price of mine right on certain norm time according the purpose of the assessment, the use of the assessment objects and relevant state laws, regulations and relevant technical and economical information by the specialized agencies and personnel. China's mining rights assessment was carried out under the huge demand, and the results of the assessment of mining rights that are mining rights is the important part of a mining enterprise value and with reference value for the trading of mining right. Therefore, in order to evaluate the mining right value comprehensively, the assessment methods of science and rationality are particularly critical. Traditional net present value method of mining rights assessment does not reflect management's flexibility and strategic value,so it be easy to underestimate the value of the project, while the real options method is the right method that can make up the deficiencies of NPV.Based on the introduction of the mining right evaluation related theory and method of traditional assessment system of mining right, this thesis analyses the traditional mining right evaluation NPV method, and in the light of the problems existing in the net present value and then introduces the thought of real options. Then, based on demonstrating the feasibility of real options method for the assessment of mining right, it discusses how to compensate and improving the mining right evaluation NPV method, and establishes the mining right application model which combined the real option method with the net present value method. Finally, evaluates the mining title of a copper mining right by using the application model.