The paper mainly discusses the appraisal of the mining titles value.
本文主要讨论采矿权价值的评估。
The Discounted Cash Flow has some deficiency when appraisaling the value of mining titles, it does not take the effect of uncertainty into consideration.
贴现现金流量法在评估采矿权价值时存在一些不足，没有考虑各种不确定性因素对采矿权价值的影响。
Chapter five is the conclusion and prospect, using real option approach to calculate mining titles is reasonable and feasible and can reflect the option characteristic better.
第五章总结与展望。实物期权方法评估采矿权价值是合理可行的，并更好地体现了采矿权的期权特性。
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