Member Info for HereforHemo

I’ll be a little more succinct.

Tai between 2.8 Bcf and 7.1 Bcf helium unrisked.

Itumbula not known (YET) but we do know helium was logged from surface to basement, helium concentrations were over 7% with an average over 5% and that multiple faults and fractures were tested. We also know that following the EWT Lorna said:

“The EWT was all that we hoped for”.

“The EWT was very positive and successful”.

“This project is of global significance”.

It’s a simple choice. You either believe the company that this project will deliver billions of cubic feet of helium which will generate billions of dollars of revenue or you don’t.

Personally I do and will have the patience for value to accrue, which won’t be as long as some people think.

Speaking at the Annual Geologists’ Conference in Tanga, Deputy Permanent Secretary of the Ministry of Minerals, Msafiri Mbibo, lauded the sector's contributions to Tanzania's sustainable economic development.

"The discovery of valuable resources such as natural gas, helium, and other minerals in Tanzania”

Two and a half months after the Mining License was applied for the Ministry of Minerals is still lauding the discovery of helium in Tanzania. The surest sign Rukwa will get a Mining License approved and go into commercial production.

And if people aren’t aware, there’s only one company in Tanzania that’s declared a helium discovery and that’s Helium One!

I agree HE1 are the ones in regular contact with the Tanzanian authorities and the fact they have left their rig hot stacked in Rukwa is a good clue as to their thoughts on timescales.

Toffers I would have thought the answer was obvious as every application for a Mining Licence is going to be totally unique. It depends on a multitude of things such as where you are, how invasive it would be, local opposition etc.

Whilst the shortest application to approval in Tanzania has been two weeks it's not uncommon for large gold mines to take years to approve.

Lorna could only quote historical context and as there's no helium example she estimated 3 months. Yes it could be longer but equally it could be sooner.

Surely even someone with the intelligence of a shoelace would realise it’s still December?

For once I'll agree with the derampers. Just what have the BOD done for holders? £40M spent and for what?

Yes I know they have a discovery in the United States.

And I know they have the first of 15 development wells in the states to drill starting this month.

And OK they're fully funded for all operations there.

And yes it will lead to at least $3m per annum for a minimum of 5 years.

And I'll conceded they will be generating revenue as soon as Q2 next year.

And OK they've announced a discovery of global significance in Tanzania.

Granted they have a CPR from Tai ranging from 2.8-7.1 Bcf.

And proved continuous helium flow at Itumbula from multiple faults and fractures.

Yes, the ESIA and Mining Licence approvals look a formality.

I reluctantly accept to all intents and purposes it looks like the southern Rukwa Helium Project is a multi billion dollar discovery.

And there will be approximately another 30 development wells drilled in addition to the 15 in America.

And again I'd have to accept that a project of this size lends itself to a debt package rather than further dilution.

Grudgingly I'd agree that it's nigh on certain s major would want to get involved either through a purchase. Offtake or a JV.

And if pushed I'd agree they are very likely to fund all the infrastructure structure costs.

But apart from being left with two discoveries and billions of dollars in revenue, what have the BOD actually done?

Shot up 25% on the bell. News tomorrow?

SF of equal relevance to me is the Tanzanian Government still promoting Rukwa months after the Mining Licence application was submitted.

Lorna expected it to be approved this month and so do I.

I think you’ll find the office cat was spot on with HEX and is spot on here. However, if you disagree simply invest your money elsewhere.

Regarding what a discovery of ‘global significance’ is, well they stated the original 54 Bcf unrisked as globally significant. Bearing in mind the CPR for Tai was between 2.8 and 8 Bcf and with the multiple faults and fractures tested at Itumbula with continuous helium from surface to basement I’d assume I’ll be bigger than Tai. Therefore I think we’d be looking at maybe 8 to 17 Bcf. If correct a minimum of 2.4 billion dollars and a maximum of 15-17 billion dollars.

Whatever they announce it’s going to be a big figure and will transform Helium One into a major player.

Just my thoughts.

Most sensible order would be Feasibility Study, Mining License, Offtake then JV, also JV with the government to give them their 16% free carry has to fit in after the Mining License is granted.

Stamford what I can confirm is that when myself and others enquired as to why the Feasibility Study was not released with the confirmation of the Mining License application, the answer given was that it was because the Feasibility Study was ‘not complete’.

No further explanation was given but it’s highly likely you are right and all the drilling and sub surface analysis was complete and they were waiting to include either a JV and or offtake partner before releasing the document in total to the market.

I’ll add one more detail to the above. I was told the Feasibility Study would be completed at the end of this month, basically now! That’s why I’ve always said December is when there will be news and we’ll rerate substantially, in my opinion, especially when coupled with 9 development wells being drilled in the states, with the first 6 starting imminently.

Interesting article from 2022.

Conclusions

We have detailed the principles of helium generation, primary release, secondary migration and considerations of the role of the groundwater system that allow for a 4He–N2 gas phase to develop, with or without volcanic CO2 or sedimentary CH4, and thus form economically viable helium exploration provinces. Geological regions that contain old (billions of years) basement rocks will have accumulated substantial 4He through the radiogenic decay of U + Th. Within regions of recent tectonism causing geothermal perturbation, stored helium will be released along with associated gases such as nitrogen. Consideration of the migration of either a buoyant 4He–N2 free-gas phase, or 4He-N2 dissolved in the groundwater system and its subsequent exsolution, have been detailed together with the need for the presence of suitable trapping structures. These components enable the formation of a ‘play fairway’ approach to developing an exploration strategy; regions that exhibit all of these characteristics have the prospect of delivering commercially viable helium resources.

We show that sections of the Tanzanian East African Rift contain most, if not all, of the prerequisites for an economic helium province. Noble gas data from gas seeps in the west and east branches of the Tanzanian section of the East African Rift System contain 4He concentrations of up to 10.5%. This, combined with the potential 4He generated by the Tanzanian Craton and surrounding mobile belts of c. 7.0 × 105 BCF (2 × 1013 m3 4He (STP)), implies that even with inefficient release, migration and trapping, these regions could provide high-helium concentration reservoirs. In the region of the Rukwa Basin independent prospective resource estimates undertaken on behalf of the operator and their financial backers suggest that there is a P50 (best estimate) of 138 BCF 4He (2.78 × 109 m3 4He (STP)) potentially trapped within existing trapping structures (Helium One Global 2020), which, if recoverable, would alone supply the current world consumption for 14 years.

From only 2 weeks ago. “Positioning Tanzania as a leading player in the global helium market”.

Join the dots, the train is about to leave the station.

https://www.linkedin.com/posts/wizara-ya-madini-tanzania_tanzaniamininginvestment-valueaddition-activity-7262050870073184256-KmpR

Interesting comment by Lorna "once" the Mining Licence has been approved, rather than "if".

Afterall, why else would you leave your rig in Rukwa and operationally ready?

Big news coming soon. https://www.thecitizen.co.tz/tanzania/business/helium-one-announces-significant-progress-in-key-tanzanian-project-4768742

The facts are 'if proven', now jog on back to your own board.

Blubay an excellent point well made. If that is indeed the case there is no reason why a drilling schedule is not released in the very near future, although I’ve no idea on rig availability over there. You would have thought BlueStar would have pre planned things so it should move quickly now we’re into December.

I have been a shareholder for many years and like most it's cost me money. I jumped back in at just over 1p and sold out at 1.52, the first time I'd ever made money from Hemo.

So I thought I'd give you an outside looking in view, with no bias attached. Whilst it's clear Hemo need money, around £5m I would think, I don't think the SP will remain where it is. Before any raise the letter to authorise trials will arrive. Although it should arrive early next week Vlad did state it could take 3 weeks, I really don't know why he said that? Assuming it is received earlier, the first patient would also be injected before any raise. Therefore any discount would naturally be with a higher SP, in my view probably negating any rise that's made.

But, you then have the current SP with a fully funded Hemo to complete Phase 1 and all the associated benefits if it works.

Potential downside is not receiving the letter promptly (doubtful), a delay in patient recruitment (doubtful) and initial results being poor (which is also doubtful), all imo.

The only other downside I see is a Major not getting involved until Phase 2 which could be someway off.

On the upside and having spoken to Hemo, I would feel confident they'll raise through a single II. I would like to think they'll hold but no guarantees the SP won't initially fall to discount level. But, I still feel it's a great investment opportunity with substantial upside, I'd things work as hoped. I mean you're talking about a product candidate potentially worth billions and still a more exciting trial to start in the spring.

For me, if I can build a decent amount of money and can get back in at under my sell price of 1.52 I'll jump back in to complete the journey. It's a big if so if I don't make it, I really wish all holders well. To make some money would be wonderful, to save a life in the process is priceless.

You don't need the rest of world as a market when you have one of the biggest global users, China 18 days shipping away and the fastest growing user, India 20 days away.

Don't worry Toffers, if WW3 does start any missiles or rockets would use helium for the cryogenic fuel and liquid hydrogen as well, I think in the propulsion process so we have a very valuable find whatever happens...

And really, don't worry about negative comments. Rest assured people who post endlessly on a BB that aren't invested in are doing it for a reason. Ignore them, the fundamentals will do the talking in the end.

BlueStar have Form 2 approval to drill the development wells funded by HE1, but they do have to give the surface owner 30 days notice before commencing drilling.

My understanding is that if they confident of the hearing decision they could have submitted it before approval

Failing that 30 days from Form 2 approval date is 2 weeks 2 days.

Either way it's long until our Development..Production drilling commences. Remember we have 6 wells and 6 sets of results to come.

And don't forget they fund another 9 wells, so another 9 results to come.

Then tie ins and production of Helium and CO2.

So plenty of RNS's to look forward to.

Not to mention Rukwa ESIA and Mining Licence approval, the published Feasibility Study, an offtake and or JV partner and a joint venture with the Tanzanian Government.

It won't be boring for long. I've always said December is the month and for good reason.

Watch this space. Tick tock.

https://ecmc.state.co.us/forms/instructions/Form2_inst.htm