摘要
简述了矿业权评估的准确与否直接影响矿业权市场的公平交易和国家的利益,然而矿业投资领域的矿产品价格波动大、不确定性高,传统的折现现金流法(DCF法),由于种种原因导致所得出的价格与实际价值之间存在显著差异,容易造成国有资产流失。探讨了实物期权法在矿业权出让评估中的应用,表明其能够更合理地评估矿业权的价值,从而减少国有资产的流失。
Mining right evaluation plays an important role in exchange of mining right market and protection of the state interest. However, there are obvious differences between price and actual value due to many causes such as large fluctuation of mineral product prices in mining investment field, high uncertainty and the conventional discounted cash flow method, and these easily cause loss of the stateowned assets. The application of the real option method in evaluation of mining right transfer is discussed. The real option method can rationally evaluate value of the mining right, so that loss of the stateowned assets can be reduced.
出处
《现代矿业》
CAS
2009年第4期19-21,共3页
Modern Mining
关键词
采矿权出让评估
国有资产流失
实物期权法
Evaluation of mining right transfer
Loss of state-owned asset
Real option method
