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Valuation models in mining and metals industry become more attractive as a long-term investment as they are a safe haven in times of economic crisis and provide a 20 See Damodaran, 2010, p.417-449. 21 Jacks and Fraser DeterminingTheRealValueOfJnrMiningCompanies-08-10.pdf, accessed date 7.05.2010 .
Applications of option pricing methods in equity valuation are briefly discussed, including the real options 21 Source: Damodaran, Investment Valuation .
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