Bullish on Major Drilling (MDI.TO) as a picks-and-shovels play on Western rare earth and critical minerals exploration, citing record revenue, zero net debt, and structural REE demand.
MDI.TO — LONG The author argues Major Drilling is a specialist in deep, hard-rock, complex drilling that enables the REE and critical minerals boom without owning mines. As Western governments push for supply chain independence from China and easy deposits are exhausted, more exploration and specialized deep drilling should follow, benefiting MDI. The author cites record Q2 FY2026 revenue of CAD 244M, CAD 38M EBITDA, essentially zero net debt and CAD 149M liquidity as evidence of financial strength, with a CAD 23 price target over a 3-5 year horizon. Main risk implied is cost pressure on margins.
MDI is a global specialist in deep, hard-rock, complex drilling.
This Reddit post, published February 06, 2026, features u/Embarrassed_Role396 discussing MDI.TO. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Embarrassed_Role396 · Tickers: MDI.TO