Major Drilling Group International Inc T.MDI

Is activity picking up ?

[FrozenInOntario]

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

[ferret_ca]

I've sold most of my mining producer stocks and have been buying mdi on the dips, I think this is the safest way to play the whole sector without having individual mine risk involved, plus I think there is as much upside or more here  for the industry overall, pretty much all the commodities have had stellar runs and have cash to explore, mdi has been a laggard here and imho it's time