RE: Curently sitting with £8,000,000 cash in the bank17 Apr 2026 16:52
They dont know yet, what and if it flows, and whether it is commercial.
They have taken out an insurance policy with this raise, just in case there are complications.
Sproute assessed that there is more than 1 BCF in both, they must have done their work to get to this number, the issue is whether it flows at lower levels, maybe it is not an issue - WE WILL KNOW SOMETHING IN 10 DAYS
Sproule ERCE’s independent resource report shows:
0.97 BCF of 2U (Best Estimate) recoverable helium at Coyote Wash
0.134 BCF of 2U recoverable helium at Sagebrush
Total independently verified helium resources: 1.104 BCF
“Over 1 BCF of independently verified gross helium resources across Colorado projects… The report estimates 0.97 BCF at Coyote Wash, which combined with 0.134 BCF at Sagebrush establishes 1.104 BCF of independently verified helium.”
KEY HERE IS VERIFIED - ITS NOT GOING AWAY OR EVAPORATING