The article considers the most pressing issues exploration industry in Russia, such as in-sufficient funding, the problems of good governance, the degradation of mineral resources, as well as a high degree of depreciation of fixed assets of exploration companies. To address these questions suggests some adjustments to the regulatory framework with international experience, which would have contributed to the increase of investment attractiveness of exploration.

In article the problem of a choice of a method of an estimation of investment projects in prospecting and extracting branches is considered. As its decision in high-risk projects it is offered to use a method of real options. Specification of parameters of an investment estimation of evaluation of development section Tedinsky field by means of binomial model is spent.