Back on envelope calculation on new contractRough calculation,they just booked 20% of their fleet for 19 months for 45 millions USD. So on average 158 000 per rig per month. Trailling 12 months revenu : 112 millions so roughly 131 000 for 71 rigs. So this equals to an increase of 20%. With an expansion in margin if I decode Harper's comment on improving economies of scale.
If a miner gets a deal at this price per drill when booking 20% of the fleet, i wonder what are the going rates if one would want to book only 1 or 2 drills. Got to be higher. Much higher.
2022 should be pretty pretty good...
And no mention of a major contract in Egypt as Harper was hinting at a month ago.
GLTA