Feldmann: Traditional core drilling costs approximately $100 per foot
Ted Feldmann · What It Takes to Build a Mine | Ted Feldmann on TBPN · Apr 26, 2025 · at 13:05
Ted Feldmann, founder of Durin, explains standard benchmark economics for exploration diamond core drilling.
0:00 / 0:02exact quote · 2.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And you're looking at about a hundred dollars a foot.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Ted Feldmann
Feldmann: Drill rig manufacturers have half-hearted autonomy efforts
“We tried that with a couple of manufacturers. They were incredibly slow and all the manufacturers, they sort of have their own half-hearted efforts on autonomy. And so they didn't seem particularly eager to partner up to partner with us. And so almost out of n…”
Feldmann: US has no other rare earth deposits ready for production
“There are no other decent rare earths deposits in the United States that we can just spin up production at.”
Feldmann: Unaware of Chamath rare earth projects beyond MP Materials
“I haven't heard anything about Chamath's involvement in any rare earth project beyond he helps back camping materials five or so years ago. I haven't heard anything. Maybe he does. I hope he does. That would be great. There was some massive rare earths mine th…”
Feldmann: Canada attracts much more mining capital than the US
“Canada has a lot more capital flowing into mining than the United States does today.”
Feldmann: Mining firms avoid new tech due to decade-long capex cycles
“Building a mine is incredibly capex intensive and you're basically making a bet on technology early and then utilizing that equipment or software system for a decade plus. And so these companies are risk averse. I don't want to bet, bet the farm on a new, new …”
Feldmann: Durin operates as a contractor to bypass tech sales friction
“Where I think we come in there's a few other companies with a similar model is as a contractor. So we're just replacing a separate service provider and any sort of innovation that we're creating is done internally. So we are more efficient, safer, And we're co…”