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Major Drilling Group International Inc T.MDI

Alternate Symbol(s):  MJDLF

Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services primarily serving the mining industry. The Company provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/long hole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drill side solutions. Its mineral drilling services include specialized drilling, conventional drilling, and underground drilling. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, Australia, and Peru. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which it provides greenfield exploration drilling and/or drilling at operating mines.


TSX:MDI - Post by User

Post by InFactsWeTruston Jun 08, 2020 12:19pm
256 Views
Post# 31124530

Picks and shovels...

Picks and shovels...

I've been looking for a company that supplies the equivalent of 'picks and shovels' to the gold mining industry.  This is it.  Gold drilling is 57% of their drilling revenues, copper is 21%.  The company is net cash positive, doesn't need any money in the foreseeable future, insiders are buying, they tend not to increase their share count and its trading close to all time valuation lows.  According to Thompson Reuter's Stock reports, it missed its latest quarter, reported a few days ago, but beat TDSI's estimates.  I expect analysts will be sharpening their pencils and upgrading this stock soon.  

It is early days.  You've got to go back to 2019 to see any comments here.  Pick this up before it gets noticed and ride the gold and copper prices up.  If we get a double dip in the markets, I think this will hold up better than any overpriced tech or scary financial.

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