RE: Bo Sears ( Mr helium)11 Apr 2024 11:27
Great interview, very interesting, clearly Bo is highly experienced in this area, thanks for posting. Just a niggling concern I have after watching it. Bo talks about the Mankota project (Saskatchewan, Canada) he was involved in. He discusses the PSA / membrane system being very successful in monetising helium. However, the plant is not producing today, as Bo states, “That gas petered out rather early on…” Is this possible or even likely to happen with Helix given the geographic location (Montana) and the ‘helium-rich environment’ of this region? Bo states that, “We know there’s a helium system present, how much helium is down there we don’t know…” Clearly every exploration company has significant risk, hence why the rewards can be so great. Just unsure of the level of risk of this company. Love the fact that the directors have ‘skin in the game’ and they turned down a lot of money before IPO, taking £7.5m rather than +£22m, to avoid excessive dilution. Any thoughts? GLA. CJ.