Wycena przedsięwzięcia inwestycyjnego „Pole Stefanów” kopalni Bogdanka SA z wykorzystaniem opcji realnych
Real Options Valuation of “Pole Stefanów” investment project by Bogdanka joint stock company

Summary/Abstract: The article presents the Real Option Valuation of “Pole Stefanów” investment by Bogdanka joint stock company. First of all, the definition of the real options was presented. Second, methods of Real Option Analysis i.e. Black-Scholes Model and binominal tree analysis were explained. After the methodology was presented, the value of “Pole Stefanów” investment was calculated. The value of extension or deferral option was included in the calculations.

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