Question: Returning to the Simplico gold mine example1 we saw in the lecture notes Introduction to Real Options, that the value of the lease (Without the

Returning to the Simplico gold mine example1 we saw in the lecture notes Introduction to Real Options, that the value of the lease (Without the enhancement option] was $24.11n. Without building a lattice1 how could you quickly verify that this price was (approximately) correct? Or to put it another way, can you find a quick way to estimate the price of the lease Without building a lattice and using backwards evaluation

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