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...we remain £70m away from ATH for our MCAP (around 5p a share).
I have no idea how investing works and why this isn't higher. Granted, we are 1000% up in a month, but the find is colossal and yet this remains down here, roughly 40% down from our highest MCAP. What on earth, why on earth, how on earth.
I am not selling. I will make decent monies.
That, ladies and gentlemen, is our CEO.
Hydrogen AND Helium being commercialized. She could barely speak from excitement. I wonder if that is because she is having so many conversations this morning about JV/buy outs. I am not selling, this is monumental.
"The commercial viability of helium extraction depends on various factors, and there isn't a fixed percentage that universally defines commercial viability. However, in general terms, helium concentrations in the range of 0.3% to 1% or higher are often considered commercially viable for extraction."
We found 4.7%. Obviously other factors will effect this, but...
ChatGPT weighs in again...
"Typically, when discussing concentrations in the context of helium exploration, the reference is to the natural levels of helium found in the subsurface or specific geological formations rather than atmospheric levels.
In the information you provided, if they mention a concentration that is 20 times the surface level, it's likely referring to the helium concentration found in the seeps or geological formations near the surface. The surface level, in this case, would be the concentration of helium in the immediate subsurface environment, not the atmospheric concentration.
Atmospheric helium levels are quite low, around 5 parts per million (ppm). In helium exploration, the focus is usually on finding elevated concentrations in subsurface reservoirs or formations, which could be economically viable for extraction.
Therefore, in the context of helium exploration, it's more likely that the 20x surface level refers to the concentration found in the geological formations near the surface rather than the atmospheric levels."
Right, I am bored so I decided to speak with ChatGPT...
I provided ChatGPT with the RNS to see what it thought, and this was the response:
"Based on the information provided, it seems like the company has made a significant and potentially positive discovery. Here are some key points from the announcement:
Elevated Helium Shows: The well has encountered elevated helium shows, over twenty times above background, indicating a notable presence of helium. This is a positive sign for a company engaged in helium exploration.
Faulted Zone and Hydrogen Discovery: The presence of a faulted zone, coupled with the discovery of a high concentration of hydrogen over a 6m interval in the Lake Beds Formation, is an interesting development. Hydrogen, being a valuable resource, adds potential economic value to the discovery.
Temperature Increase and Fluid Movement: The recorded increase in temperature suggests the movement of deeply sourced fluids along the fault. This movement is likely liberating the helium, indicating a dynamic and potentially rich reservoir.
Planned Wireline Operations and Well Testing: The company's plan to conduct wireline operations, followed by an open hole well test (DST), demonstrates a thorough and systematic approach to evaluating the well. The petrophysical analysis and on-site laboratory evaluations will provide valuable data for further decision-making.
Future Announcements: The company intends to make further announcements following the results of wireline operations and the completion of well testing. This transparency suggests that the company is keeping stakeholders informed about the progress and outcomes of the exploration.
While the information sounds positive, it's important to note that the ultimate success of the discovery will depend on factors such as the absolute concentrations of helium and hydrogen, economic feasibility, and market demand. It's advisable to monitor future announcements, industry trends, and expert analyses for a more comprehensive understanding of the potential impact on the company's value and future prospects."
I also discussed the PPM vs percentage of Helium in the surface seeps, which we know is around 10.6%. The calculation is 10.6 x 10,000 to get the PPM, which gives 106,000PPM of Helium on the surface. This sounds extraordinarily high, but I've asked GPT and Googled the formula myself and this is genuinely the calculation.
What confuses is me is that you cannot have PPM exceed 1M, or % of helium exceed 100%. 20x surface levels (10.6% Helium) would exceed both of these figures. Does the RNS refer to the seeps? I just want the news lol.
I’ve regularly monitored the price here as I want to get back in, but the lack of updates and news keeps me slightly wary. When I first read about Bleepa and the results it would provide, I was dead certain that this would be the future. Over a year later, it’s still hidden and unknown.
What is holding this back? I appreciate the archaic and slow moving conversations with NHS hospitals, but people this seems golden. What am I missing?
This is consolidating at the moment, damn those MM games!! This will go at any minute to 1.50, then maybe 2p by lunch time.
2pm it’ll retrace because of those CLUB sandwiches, but then up to 2.9p with FOMO. This is gonna be huge!!! 2000x hydrogen and 20x Helium!!! Winner winner!!!!
I totally agree.
The battle of FOMO vs fear of the negative will be fighting today. I am as exposed as I want to be, but if this drops then I have some cash on the side to add to my bags. A lot of people suggesting that the longer the tests go on, the higher the chance of a discovery bc there is more for HE1 to be testing. Easier to determine that something isn't there, than determining what exactly it is that IS there.
A whole lot of us are sat hoping. I know that I wake up and jump straight to my phone. Lets trying to not be too overexposed, as this being a duster would send us back to 0.2 and our tails between our legs.