RE:Double or triple in 12 to 24 months Hi lifeisgood.
I just want to point out, even though I believe Akita is attractively priced, is that replacement costs do not necessarily equate to market value of the current fleet. It is the cost to reproduce an identical, brand new rig at todays market prices. Akita's rigs have depreciated from its original state and it's better to look at comparable fleets that have sold with similar lifespan. This gives you a better idea what another business is willing to pay for these assets.