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Hey Guys
Lack of access to drill rigs is not JP's fault. You just can't secure rigs anytime you want them anymore, those days are over.
DDH1 would be a bellwether of what's happening drilling wise. Followed the IPO back in February. Read the prospectus, they had 90ish rigs booked out 12 months in advance back then. And have since put more into service to meet demand.
https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
Exploration is crazy in WA, and that's why there's been cronic delays for drillers for last 12 months and will be into the future.
I'm not wrapped with the speed that exploration is progressing, but what can you do if you can't get additional drill rigs. The only consolation is all the other exploration companies are in the same boat.
Cheers
Tradealot
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