Historically, West Africa was an afterthought for drillers who would send second-rate equipment to the area and eek out what they could. Operating metricsLet's first do a short walk through with charts of what some of those operating metrics look like relative to competitors. To address this, Geodrill built their own workshop in West Africa, where they manufacture their own consumables like drill rods. As of a year ago, all of their operations were in West Africa, concentrating that political risk. ConclusionGeodrill offers the best operating metrics in an industry with enormous macro tailwinds while trading at a valuation that can only be described as dirt cheap even based on current operating metrics.

Source: The North Africa Journal May 18, 2021 13:00 UTC