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Wonder how much the middle man is making, did look at the dewars, very expensive cannisters in the helium world.
Came across this one today, not sure its been shared, disaster recovery is a bit of my work arena so for comms and power, a cracking idea, all trucks and temporary exchanges at the moment.
17m19s transcript, Malcom
"customs data out of china which is a very good window into an opaque market you're looking at 350 375 dollars per mcf at the moment on bulk transports and we're hearing anecdotal reports of end users paying up to fifteen hundred dollars per mcf and it's the same helium just in a smaller packet"
Sure DM said He1 would initially be supplying in bulk, then maybe later supplying end users.
But still does'nt explain DME's prices,,
rpoodle - you need to listen and read more closely. The process of liquifying the Helium (which is the only way to transport it) transforms the Helium to 99.999%. There is no option for providing what you call "crude gas" and they are not offering different grades of Helium to the customer. Please stop speculating and try doing a bit more research. There was an interview this week (linked in posts here) that you can actually hear the full explanation.
Thanks. I checked their recent presentation, and see that HE1 mention their helium being 99.999%. Something does not add up here. The prices they are quoting are for crude helium, but they say they are producing the high-end stuff. Perhaps initially they will produce only the crude gas, and as their customers increase and cash inflows grow, they will invest extra amounts in the equipment needed to get up to 99.999%. Pure speculation on my part though...
I guess there are so many unknowns right now, it's hard to put a de-risked value on it.
We don't know the market price (as you say - deal-by-deal basis, but we can be sure the $280 is low).
We also don't know the concentration levels 4, 7, 10%.
We don't know how many (if any) drills from the four will be successful.
What we do know though is that if one drill is successful, then the de-risked value will be in excess of £1 and highly likely to be in excess of £2 (just my opinion of course).
The next 3 months are going to be exciting that's for sure.
Still climbing strongly over in USA, should kick on tomorrow again
Re: post from the sidelines.
Keep polishing the shoes, my friend, may God bless your cotton socks.
I much rather get my helium clean, than the dirty stuff that DME are
flogging to the market; analogy, when you want a cream cake, do
you prefer proper cream or sheen; polishing helium, sorry, if l chuckle.
Take care my friend, HE1 will deliver the best for the rest, sometime soon.
I tend to side with DM too.
I think they have gone along those $280bcf lines now for about 4 years, the hannam report the other day was the first time I've see the Far East prices be separated from worldwide, in written info.
For me the pricing has some relevancy for the discovery, if 2bcf is at Tai, priced at 280/500/1100 is quite a differential effect on SP.
In fact if 1100 was used you could assume a derisked price of £4 , obviously that's ridiculous but you see my point?
Good point - if we are producing in the next 18 months, the price now will not be that meaningful other than giving a potential snapshot of the scope. Demand and supply of Helium could be quite different by the time we (if we) start producing.
Noob - I tend to believe DM and yes he may be conservative bt as he made clear there is no "market price" for Helium it is very much negotiated on a deal by deal basis. It may be that DME threw a number out to help inflate their own mcap.
Anyway as DM says there is no need to worry about that until we have the discovery, flow results. mining licence and processing plant under way.
I'm sure today's price for Helium will be different to that in 23/24
It is 99.999% the five nines. You're correct, I just checked.
So what makes the DME Helium worth $1100 or $500 but HE1 $280. Logistics and operations are too simple an explanation for such a big gap.
I I don't think I'm missing anything in the refinery process?
Perhaps $280mcf is hugely conservative, the Minchin Mantra, over deliver and reference animals tail imagery could come into action again
rpoodle - "HE1 are planning to offer crude helium, valued at perhaps $300 per m cu ft. It will be refined up to around 80-90% helium purity"
I'm not sure where you get your information from but DM made it perfectly clear that the Helium produced will be liquified before trucking and that process ensures a purity of 99.99%
There is no such thing as "polishing" Helium
I would strongly suggest you listen to DM's various interviews and hear it from the horse's mouth rather than make stuff up
Ah. Thanks Poodle
I thought he had said 99%
The process of working from home two children and focussing on HE1 proved too much for me.
I thought DM had said a higher grade.
Hi Noob. Happy to chime in (I hold both DME and HE1). HE1 are planning to offer crude helium, valued at perhaps $300 per m cu ft. It will be refined up to around 80-90% helium purity.
DME are planning to go one step beyond that, by planning to “polish” the helium up to a level of 99.9% and beyond, as that price can range from $1,200 per mcf to $3,000 per mcf (or at least that is their claim). It requires extra investment to have that additional capability, however (though they claim only an extra $12m).
So, in short, they are both refining, just not up to the same levels of helium purity. One interesting question is whether HE1 would ever want to do this as well—namely, “polish” the helium to above 99.9%—assuming exploration is a success.
In that presentation, I have a minor point if anyone has clarity.
David talks of refined Helium (in fairness he doesn't want to get drawn much out of the exploration stage).
This the same product DME are going to produce.
DME suggest they can get up to $1100 MCF and highly likely $500-600 mcf for the same product that HE1 think they can sell for $280.
I don't know if I'm missing something here, they are both talking in balloon grade refined helium and not crude HE, am I missing something in the refinery stage.
Retail/ wholesale pricing looks very different between the two companies, albeit different markets , operations of course.
It was 6 days from drilling to first find announcement for DME.
A word of warning for those wanting to buy in.
I know i know, different company different world...but if anyone is interested.
You can follow their events from 18/06/21 when they first drill.
17/06 Drilling announced commenced.
23/06 Announces that it has encountered gas in multiple zones in its first wildcat exploratory well.
16/07 Announces second well drilled.
20/07 Announces that it has encountered gas in multiple zones
23/07 Announces casing and evaluation of gas sample.
18/08 Announce completion of evaluation
24/08 RESULTS-24,214 MCFGPD-Helium 7%, Nitrogen 77%, CO2 4.% Methane 2% + minor gases.
02/09 RESULTS-1,251.2 MCFGPD. Helium 4%, Nitrogen 90%, CO2 0.006%, Methane 3% +minor gases
In October 2019, NASA awarded a contract to Air Products for the supply of helium for its space projects. As said by NASA the contract with Air Products began Oct. 1 and runs two years, followed by three one-year options that would extend the deal to Sept. 30, 2024. The value of the contract stands at USD 168 million.
Used by NASA, Musk and Indian space exploration to expel hydrogen fuels, can't find out of China ,but they say they don't use and explosive propellant, how I don't know.
But there were go, could that be why they are about to drop a bit of rocket on earth, carrying their moon station.
The recent Indian abandoned launch in India was suspected caused by Helium leaks.
NASA use 1m cubic feet
Falcon 9 is more complex and uses helium at various stages.
Musk said they spend 100k on each launch which ideally includes return and landing.
They may use it to purge fuel from tanks if they abort take off. But thats unusual.
Fuel is used as coolant for engines. Helium use in space travel is basically miniscule.
Three types of Discovery, i guess thats 3x RNS?
1. show-gas in mud, from cuttings sampled in real-time
2. discovery- reservoir(including seal) identified in wirel-ine
3.Flow - gas ratio sample,%
Wells to be bridge plugged waiting for appraisal, Sept-Nov
I know they also use the helium to purge the fuel tanks, being inert there is no chance of a reaction and an unexpected take off..
China are really interesting for this company
American in a rare earth trade war banned helium exportation to China about 7 years ago.
America then major sellers.
For example of how this affected their Indutry, China has about 0.5 MRI scanners per 1milliion inhabitants.( Japan has 55, Mexico 3). Prior to this ban, MRI scanners had huge growth in China.
Then you have super powered Tesla mRI that can image the brain in quality never seen.
And you have MRi being used for long Covid scans.
Helium one can be your covid , space exploration,eco,rare earth and inflation bet
Helium as coolant yes, and expels unused fuel, essential, if as what musk wants, to reuse rockets and give them safe landing.
The Chinese in space exploration should not be ignored. They did a rocket landing 2020
Ironically there is a race to the moon to bring back Helium3. This product would mean you could have nuclear power without nuclear waste. The business case moves into the trillions,but pays back.