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But still relevant to gain intelligence about when key news events are due, for those who believe timing the market is more important than time in the market (especially on AIM where risks like cash burn or dilution often increase with delay). The more confidence the market gains that everything continues to plan the more money will come in, hopefully.

I think it’s a fair question. Most of the prospective investment capital in the market prefers to wait for confirmatory news rather than tying up funds for unknown periods of uncertainty, especially on AIM.

Great drone footage of rig stack at ITW1 on the Ministry of Minerals repost of the media coverage promo

Https://www.instagram.com/reel/DI1DkU6qdfl/

Sure, and you’ll get that once the framework agreement is agreed and signed

Highlights from Tuesday’s press visit with Ministry experts to the project …

“This project is expected to run for more than 10 years of sustained development and helium production,” (more than 20 years in some translations).

“Final regulatory processes are currently underway as we prepare for the next phase,”

“Helium One has obtained government approval to construct a Helium Gas Processing Plant in Momba District. The facility is expected to create hundreds of direct and indirect jobs and employ environmentally sustainable technologies.”

“We expect the licence to be granted soon, paving the way for production to begin,” (Ministry expert)

Financial land compensation has now been paid to four local villages to clear the way for production.

Yes, it was mainly in Swahili for local impact so I wouldn’t necessarily expect the UK offices to have covered it yesterday

Ministry experts, journalists from every national media outlet flown in to cover Tuesday’s event, a professionally edited PR agency video. A pretty big news splash across Tanzania yesterday so it’s surprising there’s no reposting on company social media. Maybe they’ll do that today.

The press conference was wholly focused on HE1’s project, the Ministry reps and a crowd of journalists all shipped out to the Itumbula well pad for a video shoot, statements and questions.

The Ministry’s public endorsements for HE1’s project at this week’s press conference are hugely significant. News is about to pop

Https://www.instagram.com/reel/DI1DkU6qdfl/

Ministry of Minerals repost of the project promo (nice drone shots of rig stack at ITW1

“Songwe is poised to lead the nation in helium production. This project will boost local development and significantly increase revenue,”

Chone Malembo, Regional Mining Officer

“This project is historic. Beyond the payments, we expect job opportunities and improvements in infrastructure.”

“With the development of the Helium One project and wider investment in the sector, Tanzania is well-positioned to become a key global supplier of this critical resource,”

Venosa Ngowi, Ministry of Minerals geologist (Rukwa project press conference, Thursday)

Today in fact, “an official visit by experts from the Ministry of Minerals and journalists to the project site”

You might want to read some of today’s TZ news coverage from yesterday’s briefing on the project, plenty of free hints there

Lots of very tasty hints from the presentation there

“This project is expected to run for more than 10 years of sustained development and helium production,”

“Final regulatory processes are currently underway as we prepare for the next phase,”

“ He further revealed that Helium One has obtained government approval to construct a Helium Gas Processing Plant in Momba District.

The facility is expected to create hundreds of direct and indirect jobs and employ environmentally sustainable technologies.”

“We expect the licence to be granted soon, paving the way for production to begin,”

“ Tanzania has a timely opportunity to emerge as a reliable new supplier.”

Yes, totally agree, has to be a phased development and that would be normal for any large mining project. Similar concept in Colorado. The feasibility study for the processing plant also included scenario for a smaller pilot scale plant.

You have plenty of numbers Sticky - test well producing a best estimate of 6mcf/d helium (with artificial lift, to be proven), x30 wells, capex $100m (including about half for the infrastructure). Pending update on the NAV resource which needs a CPR (previous estimates were around 25bcf across various Rukwa prospects, but the basement play might be theoretically perpetual at a low rate of extraction). The main missing variable is the level of debt/equity split in the venture company, which you'll know more about when the framework agreement is agreed, which is in process now. What are they hiding?

That's ridiculous. There has been non stop news since August, all of it positive and with no evidence at all of any of those scenarios.

We already know the ballpark figures for Rukwa project development (c. $100m), including an estimate for the gathering and processing infrastructure (c. $50m), and the number of wells (30). And we have the estimates from the test well at Itumbula (c. 6 mcf/d, subject to appraisal of the artificial lift model). So, if Itumbula is a model then the gross helium revenue per well per year end up somewhat similar to Colorado (e.g. somewhere north of $1m?), at higher cost per well but at a larger project scale and over a longer resource lifetime.