Option premiums in mineral asset pricing: are they important?
A review of attempts to empirically quantify the “option premium” associated with optimal mineral asset management. The option premium appears to explain at most half of the observed gap between the discounted cash flow value and the market value of mineral assets, and it adds 3 percent at most to...
| Published in: | Land Economics Vol. 72; pp. 167 - 187 |
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| Format: | Article |
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University of Wisconsin Press
May 1996
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510409259&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510409259 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: May 1996 vid: 72 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510409259 10.2307/3146964 ppf: 167 ppct: 20 formats: fmt: @attributes: type: T tig: atl: Option premiums in mineral asset pricing: are they important? aug: au: Davis, Graham A. su: Mathematical models Mines & mineral resources Resource exploitation Valuation of real property Option value sug: subj: Mathematical models Mines & mineral resources Resource exploitation Valuation of real property Option value ab: A review of attempts to empirically quantify the “option premium” associated with optimal mineral asset management. The option premium appears to explain at most half of the observed gap between the discounted cash flow value and the market value of mineral assets, and it adds 3 percent at most to the gross worth of a mineral asset. Asset management option premiums thus have only a second-order effect on mineral asset pricing. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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