Mitcham Industries MIND is top Rickard's pick.

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RTaber1
Posts: 86
Joined: Thu May 26, 2016 11:25 pm

Mitcham Industries MIND is top Rickard's pick.

Post by RTaber1 »

Mitcham Industries, with its hq and manufacturing based in The Woodlands, TX is leader in the design and manufacture of the most sophisticated seismic exploration equipment in the world. MIND's SEAMAP system is sold to the Department of Defense for tracking
Russian submarines.

President Trump's June 24 opening of 650 million acres of Federal land to exploration and 120 million acres of ocean floor in US
waters will call forth enormous geophysical surveys to prove up an economic deposit of a mineral before the Government will
sign the lease. This is called the Discovery Requirement that underlies Federal leasing policy.

Today, with the application of AI, MIND's seismic systems can analyze billions of bits of data from seismic survey to reveal exactly
what is underground without a single drill being employed.

MIND is now $9 per share, PE 2.2x last year's $4.20 per share. If the new demand expected raises earnings to $5.00 and the
market applies a PE 12x, MIND over the next few years could be a $60 share. There is no assurance a price objective will be
achieved, but MIND is a leader to help America become great again by the discovery, some think, of $150 trillion of mineral
wealth.
dan_s
Posts: 38031
Joined: Fri Apr 23, 2010 8:22 am

Re: Mitcham Industries MIND is top Rickard's pick.

Post by dan_s »

Posts like this should be under the "Picks and Tips" tab.
This tab is for Sabrina to post stuff about EPG membership and how to find thing on the EPG website.
Dan Steffens
Energy Prospectus Group
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