RE: Prospects at Juno12 Apr 2025 12:39
AimInvesting - drilling cost comparison courtesy of Grok :
Oil exploration and drilling are typically costlier and more infrastructure-heavy, driven by deep wells and complex logistics (e.g., $10–$200 million per well). Gold exploration is cheaper upfront ($1–$10 million) but shifts to high development costs for mining ($50–$500 million). Costs depend heavily on location, technology, and resource characteristics.