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gilead23

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gilead23

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Wednesday, 07/21/2021 1:07:24 PM

Wednesday, July 21, 2021 1:07:24 PM

Post# of 113934
GDLLF interesting tidbit

Found this Stifel research note. They reference 3 potential 50 million+ blast drilling contracts that would be "material" over a 3 year period. Blast drilling is something they just started with, but is appealing because it is less tied to the exploration cycle. 50 million is a lot of revenue for them. Also that is winning just 1 of 3.


"while no drill & blast contracts have been announced yet, the company
expects to hear the status of one bid in the coming weeks, and is in the running for another two
opportunities. Each contract could represent up to $50m in activity over a 3-year contract, so
the impact to GEO's results should be material."


https://media.stockhouse.com/media/companies/t-geo/pdf/Geodrill-STS-July13-2021.pdf
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