RE: Risk / reward16 Jan 2024 07:38
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.