RE: Other Helium companies progressing well!29 Mar 2021 04:00
Good question "Wonder what some of the experienced traders make of lots of buys and fewer, but large sells."
Big investors get it wrong, play games too..
DME Salts Basin
Rukwa lake Salt Beds
DME source Decaying Uranium
Rukwa source Decaying Uranium
DME Volcanic
Rukwa Volcanic
DME 267km^2
Rukwa 3448km^2 , plus Balangida 260km^2, Eyasi 804km^2
Rukwa The prolific occurrence of helium springs is unique, 15 were sampled, 5 in Rukwa, plus Balangida, Eysai and ??
Rukwa porous sandstones are potentially excellent reservoirs
Rukwa based on existing drill data there appears to be ample potential reservoirs in the Rukwa region.
Institutional investors have lock-in conditions, so its not those guys
Rukwa Rift Basin possesses the unique and ideal characteristics with potential to host a globally significant helium project
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The rift extends into Kenya and Uganda where it hosts multiple hydrocarbon discoveries and active field
developments. Helium is known as radiogenic helium and is produced by the natural decay of uranium and
thorium which exists in small amounts in rocks such as granite. Time is the essence here, a lot of time. Very
old rocks can build up a large stock of helium over the aeons. The Company’s project areas contain very
old helium rich rocks underneath our project. However, there then need to be a mechanism to release the
Helium, and subsequently to trap it. In Tanzania there is a relatively recent geologic phenomena called the
East African Rift, which is involves the ripping apart of the Earth’s crust. This and the associated volcanism
provide a mechanism to release the stored ancient helium. Sedimentary basins, which form within the rift
valley such as the Rukwa Rift Basin, provide the reservoir, trap and seal necessary to form an accumulation.
Good wine tonight, and still running on winter time hours, so still early..
And after spending $8Million surely a company would know its time to call it a day or not?
but its not their money ?? Mmmm