Is activity picking up ?Geodrill just booked 20% of their rigs for the next 19 months. Out of 71 rigs, but still pretty good numbers to go with it. They did have pretty good utilisation rate prior to this and this is one of their clients, but still this shows that the market is heating up in West Africa. Latin America should be tout of the gate also with copper at this price.
MDI should be painting pretty good numbers as their rigs get deployed. Capacity in this market should begin to be very tight, just looking at uranium price and you have an additionnal source of demand.
GLTA