RE: PSLR23 Oct 2024 18:07
i am missing something......
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directors talk...
"the project has already yielded impressive results, with a discovery that holds an estimated 1.4 billion cubic feet (bcf) of contingent and prospective helium resources"
yet sept 10th presentation only mentions 0.4bcf gross prospective, another doc gives net to pulsar 40mmcf , plus net contingent 6mmcf
again dt
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"economically, the project is also very attractive. based on a flow rate of 0.75 mmcf/d and a helium concentration of 12.5%, the jetstream #1 well could generate approximately us$22 million in revenue in its first year of production, assuming stable performance.
with well development costs expected to remain below us$2 million, these numbers reflect a highly profitable operation."
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that works out at $643/mcf ( 365 days x 750mcf x 12.5% x $643 =$22m) but thats gross,...... pulsars net entitlement is a lot less if you consider the 0.4bcf gross is 40mmcf net to pulsar, while contingent ratio is way better gross 22.9mmcf: net 5.9mmcf.. so since ratios vary i can't even guess what net production is ("the net resources stated are derived from sproule's calculation of the company's net revenue interest in the applicable resource.")
if the cost of the well development is just $2m, are they purifying the helium to a grade to achieve $643/mcf, gex talk about +$200/mcf selling at the well head..
the good stuff if the figures are net to pulsar...
from dt.......but what is "revised (renav), do they mean risked exploration nav (renav)
"auctus advisors’ valuation for pulsar paints an exciting picture. with an unrisked net asset value (nav) of £2.69 per share and a revised nav (renav) of £0.91, the company’s current share price of £0.25 offers considerable upside. foucaud and the auctus team have set a target price of £0.90 per share, emphasising the strong growth potential."
https://www.***************************/pulsar-helium-makes-significant-strides-with-aim-debut-and-exciting-prospects-auctus-advisors-insights/4121174590
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