实物期权法在铀矿开采项目投资决策中的应用研究

Uranium resources is our energy and strategic materials, and playing an important role in national economic construction. Uranium mining project has a strong exploratory and huge investment risk, we must carry on economic evaluation of Uranium Mining Project in order to reduce the risk of investment and decision-making errors. This article analyses the relevant theories of real option approach and gives the real option pricing model. And putting forward the application example shows, the real option approach offsets the insufficient of traditional Net present value method, providing a more reasonable theory basis for uranium mining project investment decision, making the enterprise obtain future potential benefits with a small investment and avoiding error of investment.