RE: Why is the share price dropping? Simple: Huge investment needed to make this commercial, and even then, very challenging economics4 Sep 2024 15:26
Sorry but you aren't going to start with 20 -30 wells. It's not a By- product that needs refining .
Everything has Capex , however it's well , site storage, and truck that are the most costly elements imo. I think you may perhaps be looking at companies that source Helium as a by product in your calcs.
Helium One have already shown this in their Medium and long term development plan. (on their website) .
From that it shows a three part process which would appear to need some key elements to it , as an explorer I don't think they will go it alone , even if they did some thinks such as a Truck could be leased from Linde.
Linde and SLB can provide all the equipment needed for this . Linde as AFROX - supply Helium in other Countries in Africa, but not Tanzania (yet).
All imo - DYOR.