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| RESEARCH OF EVALUATION METHOD OF ECONOMICS OF URANIUM MINING PROJECTS |
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| DOI： |
| KeyWord:Uranium ore mining,Economy evaluation,Real options method,Investment risk |
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| Abstract: |
| As energy sources and strategic materials,uranium resource plays an important role in the construction of national economy in our country.Since uranium mining projects are of great investment risk,appraisement on economics of uranium mining projects must be carried out in advance so as to avoid investment risk and decision fault.In this paper,the traditional methods including NPV,Monte Carlo simulation analysis,Decision Tree and so on and the real options method including Black-Scholes and Binomial methods were discussed.Comparing the two evaluation methods indicates that the real options method is of the rationality for evaluation of uranium mining projects. The method breaks through the inherent limitations of the traditional methods because of its taking the options value of flexible management resulted from indeterminacy into consideration. |
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