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Persistent link: https://www.econbiz.de/10005367111
Although the "real option valuation" (ROV) methodology offers extremely valuable insights in optimising investment decisions in the face of uncertainty, its practical acceptance in the mining industry has until recently been slow because of its perceived computational complexity. Recent...
Persistent link: https://www.econbiz.de/10008869836
Financial markets recognise maximisation of expected value (E), in an essentially risk-neutral context, as the main corporate financial objective of private enterprise. This may be valid for large, integrated mining companies. Yet, most junior and middle-size exploration companies behave in a...
Persistent link: https://www.econbiz.de/10005367071