CKK 15.8% 1.6¢ coretrack limited

operate or sell rigs, page-4

  1. 318 Posts.
    Reiterating

    "Just one of these rigs on a 50% utilisation rate could pull in annual revenues of $21.6 million"


    http://www.ckklimited.com/images/stories/2010-12-03_AFR_Article_Coretrack_Attracts_interest_from_big_miners.pdf

    Doubling speed of drilling with a third of the normally required auxiliary equipment(allowing massive cost reductions) will result serious benefits accruing to all miners embracing this technology. Commensurate profits for providers of either services(drilling) or product(rigs, CLRS) will ensue.
 
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