Recent trends in mineral exploration - are we finding enough? / Последние тренды в поисках полезных ископаемых - находим ли мы достаточно?

RMG 8th Annual Mining and Exploration Investment Conference 

Overview
• Trends in Exploration Expenditures
- Level of expenditure and key drivers
• Current “Hot Spots” for Exploration 
• Trend in Discovery Rates
- Metal found, Unit Discovery Costs for Au, Cu and U3O8
• Trends in conversion rates (from Discovery > Development)
- Not all discoveries get mined, and those that do may take many years
• Impact of changes in cut-off grade on available resources
- Resources can significantly grow with lower cut-off grades ...needs economies 
of scale, innovation in technology and higher prices to happen
• Are we finding enough metal ?
– Implications on long run commodity prices
• Conclusions