Member Info for Erebus2021

Ihavenoclue - thanks. That makes the calculations look even better .... you get the sense that Helix really know what they are doing here. And then there is Ingomar ....

Agree - I just used 1.1% He to give $66,000 per day or $24,090,000 pa.

there are many ways to look at the numbers here ... please correct/help/advise/improve/dismiss my thoughts and opinions .... i'd like to improve my limited understanding....

so, the psa plant has produced 48000mcf/pa - enough for approx 5 or 6 wells (each well 2000mcf gas per day at 1.1% he).

6 wells would cost about $7,200,000 at $1,200,000 per well. the plant about $500,000.

6 wells could produce approx. 12000mcf/day at a value of approx $24,090,000 pa (at $500 /mcf he)

running costs - very hard to quantify (help please!), but around $1,000,000 pa for the plant and $1,000,000 pa for the 6 wells?

so, the back of my *** packet shows income c. $24,000,000 pa from capital investment of around $8,000,000 and running costs approx. $2,000,000 pa, based on drilling 6 wells to feed the one psa plant.

my thoughts align with other here today - finance should be forthcoming. allowing for finance and other costs this looks like a highly profitable business to me. i'd hope that this news will translate into a sustained rise in sp to reflect this .... but then this is aim ....

gla and dyor

Todays Zak interview, about 2:55 in, "..we still need to test Ingomar, the acidisation there on the Charles formation next year ..."

I was hoping for sooner ... but these people know what they are doing so I'm happy to wait whilst they organise what is needed. The He / H isn't going anywhere, and neither am I.

GLA

No change in risk here due to ‘delay’, the assays will be what they will be, risk unchanged so position unchanged for me. It’s hard to find reliable up to date info on how long results may take, but it’s not long for sure.

Very quiet here atm. Delightfully free of nutters too.

I feel all may change by next week as news and the herd arrive!

The sp has moved down from about £20k worth of trades so far today - ie meaningless really, but, to me this indicates what could happen when good news assay results bring much bigger volume.

Ofc we don’t know what the assays will be …. but I’m holding tight and watching/ reading all the info put out thus far again …..

Would that be the Klaus who owns c. 439 million shares value approx. £ 2,000,000?

Pretty sure that he knows what he is doing.

RMR may be in a position to be looking to exit / sell an identified and quantified resource by Jan/Feb 25. If so, are we just looking at Alphamin, or would there be other potential interested parties? I’m just wondering if Alphamin, who need more resource, and are so obviously well placed to develop further here would have any competition to help drive the value to sh (ie me) up?

I’m no expert, but that looks like a lot of copper to me ….

https://x.com/rome_resources/status/1844651965315174583?s=46&t=y1rQB49xJI-lQnPzsk8bmA

Your purchase now showing as 12 Sept, just a day after the deal. Looking at the buy/sell ratio it seems strange the sp has not risen more, can't of been easy to get hold of that many shares ...

Https://x.com/Rome_Resources/status/1834472079921398239

I wonder about the relative difficulty/ expense of separation of He from H compared to N?

Any experts available to help my understanding??

Thanks in advance.

Https://www.londonstockexchange.com/news-article/RMR/drilling-intersects-tin-mineralisation/16626559

With drilling underway and, I assume, cores analysed on site immediately, what is likley timescale for any news? Sn may only be around 50m down, so perhaps not too long? Any tin/mining experts here?

I would totally agree, just as previously my buy is indicated as a 'sell' on lse.

CAIRNENERGYMAN - thanks, article behind a paywall, sadly. I'm considering the Times £1 for 3 months offer to get to it, now I no longer have access to my sons "student" account, grrrr. T&ST are notorious in how they make it difficult to cancel, however so am slightly wary.

Perhaps you could provide a synopsis of the article? Thxs.

I had no trouble buying two smallish amounts through ii yesterday, 30th. Interestingly one trade is marked as a 'sell' and the other as 'unknown' on LSE.

Https://twitter.com/HelixExp/status/1818179275918369119

Looks like it is back ...

https://x.com/HelixExp/status/1817816501157515501