Pricing Mining Concessions Based on Combined Multinomial Pricing Model

<table class="table-group" id="tab6"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left">Year</td><td class="align_center">Net cash flow (thousand yuan)</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">1</td><td class="align_center">−3623.20</td></tr><tr><td class="align_left">2</td><td class="align_center">−321.60</td></tr><tr><td class="align_left">3</td><td class="align_center">1418.20</td></tr><tr><td class="align_left">4</td><td class="align_center">1418.20</td></tr><tr><td class="align_left">5</td><td class="align_center">1418.20</td></tr><tr><td class="align_left">6</td><td class="align_center">1418.20</td></tr><tr><td class="align_left">7</td><td class="align_center">1418.20</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

The annual net cash flow after purchasing the mining concession.

Discrete Dynamics in Nature and Society

tab6

Table 6

Table 6: Pricing Mining Concessions Based on Combined Multinomial Pricing Model 