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With TAI3 cemented to the basement, it may be that because the shows were the highest density experienced on the drill, just collecting he at surface MAY be profitable, just compress and send to marker,little costume price.
Direction drilling at TD could increase yield
Clutching at straws here.
We are cemented down to the basement at TAI3, where the helium shows had high concentration.
So if the current drill fails to find a working trap (and LB has adjusted the plans in light of experience so far), then drilling the basement will ensure some he.
He and Nitrogen alone, just compress it and ship to market and because of the high price it will be enormously profitable.
So the project is virtually risk free, say I, with my DipM in marketing with little (no) mining experience.
My stake is under a million, but it is affordable, and for the basin to enable helium airships to flourish, important for the globe.
The next days and weeks will unfold this scenario.
It is a given that we are prepared for production. The He discovered is helium and Nitrogen only, and as nitrogen is a carrier gas we only need to transport it to market......no expensive plant to process the gas, just containers.
Too good to be true you ask, a but why have elaborate signs and all the rest, if cost of production put doubt on the viability of Rukwa. 10% he no problem, even 2:4%,
Just need working traps.
Close to finding out!
Even the mm.s are refusing to buy.......somebody with mega shares believes the traps will fail,, inspi te of lessons learned at TAI3, fair enough, yippeee, held funds back for just this thinking and bought Monday Tuesday and today, each securing more shares.
Global warming is as relentless as the tide, unless action is taken mankind will perish.
Ru kwa has the potential to enable helium airships to flourish, replacing ships and planes whose promises are toothless.
That is REAL griping!
Desultory message board price drifting down, talk of dusters. none of the feverish vibe before TAI3 , with the doctor waiting in his clinic, the roads and living pods upgraded. TAI1 showed 2.4% he. with nitrogen,unusually alone, a carrier gas. just bottle it up and shift to market!
But the traps didn't work BOO HOO.
It must be so throughout Ruckwa must it not? An area 4x london? All traps will fail.
Or maybe it will trap he and we are off to the races!!!!
Culled my portfolio, tripling my pre TAI stake, but retaining funds for what may happen.
I will hold to completion, win or wince!
Stake is no longer life changing, hope springs e ternal, and they are on a learning. curve in a Rukwa under observation for over 60 years.
Back from fi lming daughter and son in law dipping the sea at Walton on the Naze.. Daughter up to ankles, Andrew a PC swimming.... Santa hat on head.
C elebrating today the birth of the son of God, requiring a leap of faith, as only Herod is a name in the New Testament that has come down to us in the secular world.
Geology will save us in the Ruckwa and elsewhere in Africa, and we can hope they get guidance.
There is so much more than money riding on the outcome here.....,
Humble Amen.
Lorna is adjust ing the next drill,in light of the TAI3 failure to find clear gas of any size. In spite of it being the sweet spot of a trap that showed 2.4% he.
The world holds its breath.... The basin could provide for safe ba!loon travel taking ships and planes out of the equation and saving the plane t!
Yes investors will prosper. but the prize is so huge exploration to find working traps will keep going.
Other uses of Hel ium are small beer in comparison.
Buy when others are fearful WB
They will have tested sandstone traps to retain he, so. The failure of the zones at TAI3 is luck.as in bad,as is breakdowns.
He suffused the entire basin, traps will be found clear gas ,job done.
Sandstone rates 6/7 on the MOHs scale, good for benches, decorative, not robust for building.
It is a re sevoir for water. Does that mean the,tiny little blighters, can wriggle thru to the surface?
At present all he is extracted from other gases. Nobody has taken it f rom water.
Shale retained he as Minchin found, any other potential tr aps?
a ny discussion would be better than ...raise... s p ....drivel.
Positive......Working he xystem,bubbles and surface he 10% since 1960.
TAI1 bubbles 2.4% ?
Area four times London.
Negative....TAI3 only shows sandstone trap failed to hold clear gas WHY?
Long shot.....Noble finds he in water possible gamechanger?
Lorna,coped with difficult situation well,give her credit.
Me took hit,now have same no shares, with left over awaiting developments.
Those who studied the charts of traps at TAI3 saw the waves that could retain the helium rising from the basement, there were three zones not one retained clear gas, just shows.
This must have shocked the board, they have prepared for production not merely exp!oration TAI1 convinced them that it was a slam dunk.
They have cemented the drill to basement....is free gas there? He1 is about the size of London and quarter of Ruckwa. There is plenty to drill opportunities, the hope is that they will review why the traps failed.
Meanwhile this board goes on about other things.
Explain that all you clever clogs.
There were bubbles 2:4% he at Tai1 (unofficial), held in a sha letrap.
TAI3 was drilled in the sweet spot of the same trap!
Lorna doing well, under trying circs......look in the mirror to ask who to look to for losing money.
perhaps sandstone is not the trap.
This should be the real enquiry over the next weeks.
FOMO has me still having a part, the prize is enormous.
So there is to Be NO placing No diminution of the Sp the proper 3p validation will be restored.
No carping from me, management performing well, so set for Jan spud.
Binary basin, but plenty to go at, surely there is free gas somewhere.
The issue is Tzi3, a drill In The best spot of a trap that delivered 2.4% he (unovfficialy).)
To have no gas was a shock! The basin is binary, so I I took my big hit and rendered at 3p.
But with a modest sum,
The breakdown are not an issue,not is The. managed nt.
Still a multiplayer IF hE is found
Funding and. consolidation are in the future.
Still hoping, still in there