TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | REAL OPTIONS ANALYSIS APPLIED TO THE MINING SECTOR | ||||||||||||
| Autor(es): |
ALEXANDRE DA CUNHA TEX MURILO DELLA LIBERA |
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| Colaborador(es): |
CARLOS PATRICIO SAMANEZ - Orientador |
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| Catalogação: | 05/OUT/2016 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | SENIOR PROJECT | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=27575@1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=27575@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.27575 | ||||||||||||
| Resumo: | |||||||||||||
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The use of Real Options Theory is relevant to calculate the financial value of projects involving any industry. Unlike the analysis of projects by the method of discounted cash flow, the analysis by Real Options may take into account dynamic aspects such as price of inputs and the firms decision making. The focus of this study is to apply the methodology to the specific case of Volcan Compañía Minera S.A.A., which is listed on the Lima Stock Exchange in Peru. The company has an expansion project at a silver and zinc mine in the open and need to decide the right time to start the related operations. The Mean Reversion model will be used upon historical values of the silver to estimate the future price of the commodity. After the Monte Carlo simulations, we have the price forecasts and future project cash flow sufficient information to make the decision analyzing a Binomial Tree of possible scenarios.
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