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The book explores Real Options in South African Gold Mining Industry. Although, princples of the study are based on concepts by Tufano and Moel (2001), similar results were illustrated by the South African empirical study. Interestingly, In South African case, interest rates contributed to the most of the option value than other option parameters, this is largely that South African currency is one of the most volatile currncies in the world, meaning interest rates flactuate now and then.

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I am pursuing PhD (Stochastic Option Pricing) at Henley Business School-University of Reading, UK. My other degrees are MSc Finance from Frankfurt School Finance & Management, DE (Aug. 2006) and MSc., Pg.D, BComm. Bus Admin from Wits University, ZA (May 2008-Nov. 1999). My focus areas are real options & stochastic option pricing.

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