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Although I love the idea you are putting forward, I think DM is just reflecting what he saw in the new 2D HE1 has just carried out. Also, he is not keeping anything from us as he clearly stated TAI has indeed turned out to be bigger than previously thought!
If that is the case with TAI, I am sure we shall have some lovely surprises with the rest. And here, your theory might actually turn out to be interesting; DM, as you implied and here I extrapolate, may actually have gone for the the smallest target (now much bigger and with nice formations) and then find the Helium.. to then tell us .."by the way..then rest of the targets are even biggers than the $38bl we originally thought"!
Then, Inthevoid, it is blue sky mine and all my calculations go out of the window!
I have firmly believed for sometime now, that DM has been keeping something from us; the move to a second site, a must-drill site; has been actioned by our enhanced seismic 2D scanning findings; amount found? I believe for our own good. that DM hasn’t’ told us yet, that the forthcoming drill & appraisal, will identify helium reserves beyond on wildest dreams.
Mdrake: "The amazing thing is that once HE1 get everything running, they have another 2 projects to follow up on which means in 2 - 3 years this could very well hit £10+ IMO".
The CEO says that we may be sitting on a $38 billion worth of reserves, which in pound sterling is roughly £26.9 billion.
Once we have confirmed our reserves (it could be lower or higher) my own simple calculations is that I take about a third of its reserve total estimated value, for good measure, to see what is for me a fair initial share value I may accept to sell (if I do); I take we should be about 1 billion shares in issue by then, give or take (not going into detail how I got here).
That would make it £8,96 Billion for a third of the total estimated reserves value and if you divide it by 1 billion shares, that would make it £8.96 per share.
Of course, for me that would be the initial value I would place on HE1 before all is done and well developed in terms of HE1 being a "Helium price maker", as our CEO puts it. We may even be a target of a takeover by then, who knows.
There are risks, of course, but here it is down to each one's own risk appetite; if you are not happy, go and buy a share that is not a miner or O&G share.
This can be a life changing opportunity, or, if all the work done so far by the experts is not right, it can cause pain to pis.
I will hold as I am happy with my own risk assessment of the project. If Helium is discovered I will hold and see it mature, as the market is good for Helium; play by ear as they say.
Desert Mountain Energy is a good case study to see how the SP could potentially move as it went from 0.38 cent to around 4 dollars.
The thing with HE1 is that they have an actual resource, DME doesn't and is drilling "wildcat" holes. HE1's resource is also around 50% times bigger (potentially higher) than the nearest competitor in the field if all goes to plan.
So on paper, HE1 should perform much better if all aligns! Given the way they are progressing right now with David Minchin at the helm, I have no reason to believe it will be anything other than a success one way or another.
The amazing thing is that once HE1 get everything running, they have another 2 projects to follow up on which means in 2 - 3 years this could very well hit £10+ IMO. As always though, do your own research!
Thanks for the "good luck on DME". I have much more He1 and I have stronger conviction. The chance of a ten bagger from my initial investment is much higher. But I also like the DME story for the reasons I mentioned. And having some of that keeps me connected to the broader helium story.
Feb 2021 was when DME released an analysis of reserves on one well, not 2020. Just a typo but could be distracting. Sorry. One other good thing about DME is that they have electronics factories (including on by Intel) being built in the area and also the US wants to secure domestic supply of helium. That is why I have a little of DME though I think the upside is greater for He1 - if they find helium trapped and sealed and ready to be exploited.
DME released reserve estimates on one of their wells in Feb 2020. Reserves were 284,000 MCF figured on area of 640 acres. On 100 wells that would be 28 BCF if I am doing math right. I am sure there is no accuracy to any prediction yet. Need a lot more wells to confirm production from a single zone over a wide area. I doubt this helps but maybe someone else more knowledgeable than myself could look at the February 2021 reserve estimate from that one well or else dig in a little deeper.
The pinto Dome area of the Holbrook area which was where prior commercial helium production occurred did produce 6.5 BCF over 15 years from about 15 wells. The best well produced almost 2 BCF, likely the record for helium production from a single well.
Thanks for your input & putting me straight regarding nitrogen emissions. Guess my PhD in environmental studies was a waste of time; only joking, l am honestly really grateful for you, making other investors on HE1 board aware of my wrong/but good intentions for this venting process.
In my elongated post l referred to DME, whose Chairman seems to be implying that are going to be world leaders in terms of helium supply. How does this fit with HE1, when they drill the given, sometime very soon?
You took the N2 out of my mouth so to speak! Well said. Thanks. It is very easy to get confused with all these bits of information..it is like going back to college and having the read on our period table and refresh on chemistry modules all over again!!
Nitrogen, as N2, makes up 80 percent of the air and is not harmful. N2O is nitrous oxide, laughing gas, formed in high energy processes such as the Haber Bosch process, lightning and the flame in your boiler or internal combustion engine. It is a carcinogen and very powerful GHG. My understanding is that they are venting Nitrogen (N2) not Nitrous Oxide, commonly referred to as NOx.
DME are declaring that are drilling in nitrogen fields with helium collected between 5% to 10% per drill; are they real, some comments l found conflicting with my little knowledge of helium & nitrogen; with the former, they state it can not be stored effectively, while the latter they state they blow off the nitrogen into atmosphere because it’s in air that we breathe anyway.
The link doesn’t work so l have copied the relevant information for you.
Nitrogen fertilizers are incredibly efficient, but they make climate change a lot worse by Pep Canadell, Hanqin Tian, Prabir Patra and Rona Thompson, The Conversation
The Green Revolution
There are a number of natural and human sources of N2O emissions, which have remained relatively steady for millennia. However, in the early 20th century the Haber-Bosch process was developed, allowing industry to chemically synthesize molecular nitrogen from the atmosphere to create nitrogen fertilizer.
This advancement kick-started the Green Revolution, one of the greatest and fastest human revolutions of our time. Crop yields across the world have increased many times over due to the use of nitrogen fertilizers and other improved farming practices.
But when soil is exposed to abundant nitrogen in its active form (as in fertilizer), microbial reactions take place that release N2O emissions. The unrestricted use in nitrogen fertilizers, therefore, created a huge uptick in emissions.
N2O is the third-most-important greenhouse gas after carbon dioxide and methane. As well as trapping heat, it depletes ozone in the stratosphere, contributing to the ozone hole. Once released into the atmosphere, N2O remains active for more than 100 years (Yep, that’s 100 yrs folks)
So apart from the purported excellent helium 5-10% gathered on extraction, his delusional mindset believes that releasing straight into atmosphere with very little cost to themselves is okay; the costs relative to saving our planet, should be factored in, as we are moving away from harmful emissions per se. I apologise to all investors on the HE1 for the length of this post, but Roy Rogers on his horse, up there in Arizona, should pay due diligence to what he says to all on Proactive Investors.