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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.