How many times and in how many forms did mgmt say market cap was below
steel scrap value?
Not exact matches
The
scrap value of a jackup is about eight or nine [million dollars], and that's assuming that you get almost nothing for the
steel and you just start taking stuff off of there; mud pumps, engines, top drives, cranes, draw works.
The very large wind turbines that have been used in Australia will have a high
scrap value and therefore I would expect that it will be worth dismantling them for their
steel, copper and other valuable components, rather than leaving them once they become unusable.