Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
It is very expensive exploring for helium in a remote part of Africa. Rig, drilling costs, logistics , getting experienced crew etc.
He1 have spent nearly £50 million up to date .
Imagine what Bo Sesrs and his team can do with that kind of money in Helium Fairway of Montana.
Costs just $2.5 million to drill a well and carry out EWT in Montana compared to $6 million just to drill in Rukwa, Tanzania with their own rig excluding EWT.
"Helium is challenging to extract and transport (‘the escape artist’) and is commonly converted into liquid form however there is a time-frame of some c.30 days or so, whereby if it’s not delivered can evaporate if not insulated sufficiently to prevent ‘boil-off’"
https://spongeshare.com/2024/04/29/helium-an-increasingly-rare-commodity-with-limited-investment-options-heres-three-uk-plays/
The biggest obstacle for me on he1 is the location. Listening to Bo and reading his book , helium once produced has to get to end users as quickly as possible preferably within 30 days. Helium is an "escape artist"
Being in a remote location also substantially increases development and transport costs whenthe largest end users of helium are in North America.
Paul very correct there with your numbers. Bo wants to rapidly grow helix and part of the £7.5million raised will be used to acquire additional new projects that can be developed quickly .
Will be fantastic if helix can produce say 100 Mmcf per annum by mid 2026.
I intend to ride with them on this journey.
Win, as there are few listed helium companies on the market is hard to compare. But have a look at helix April presentation which you can download from their website. On page 12 is a peer analysis which compares helix to 5 other public and private helium companies.
That should gove you a good guide.
Eg, New era helium have a market cap of over £130 million and their production annually is about 32 Mmcf.
Helix initial production target is 55Mmcf per annum.
Simon, I disagree.
These traders who wanted their 20 to 40% profit exited on Friday as that's typical of a Friday especially going into a long weekend. Been watching the trades from lunch time to end of day.
Imo will see 20p+ this coming week.
I am surprised this interview done 2 weeks ago has only 76 views ;
https://youtu.be/ZQVRyshuygU?si=v2FFh0hiasyJMZn0
Zak like some of us was surprised that the shares didn't go up 100% on the very first day of trading.
From about 8mins 20 seconds ;
https://twitter.com/Share_Talk/status/1786800689701703789?t=CLZm2lJDwnOzCtvKUDkxqw&s=19
Caesar, at that time only God knows where the share price would have gone. The herd momentum was with he1 and could easily have doubled on success.
Their market cap peaked at about £170 million if I recalled right but all went tits up with the drill and the market cap dropped to about £30 million in quick time.
But look at it ths way that's still more than helix current market cap of £18 million.
Helix imo has a tremendous upside potential from this level.
Well said Ice and Jeth.
I remember buying he1 during their first phase in 2021 when DM and the guys now running pulsar helium were in charge . I paid about 6p and sold out about 12p ( was happy with 100% profit) only to see it go close to 30p a few weeks later.
At the well spud time in summer of 2021 he1 had a market cap of roughly £120 million .
That would be £1 share price for Helix. Is it possible that we could see similar valuation here by spud ? Yes it is.
Helix has a far better prospect in Ingomar Dome, safe jurisdiction, proven experience management and project is at the heart of the world's largest and most important helium market.
All you need to do is produce the helium and truck it in tankers ( similar to LNG trucking) to the customers as is already done by 2 producer's in the Fairway.
With the chips act, the helium price in US will only remain strong as not enough is produced to meet demand.
Hex is in the right place at the right time.
Has been a brilliant week being up 50% and hopefully another 50% rise next week.
If you are new to helix go through the presentation on website, watch all the interviews done over the last 4 weeks and spend the weekend reading about the Ingomar Dome helium project. Then make up your own mind.
Enjoy the long weekend everyone .
Onwards and upwards
Ingomar Dome project.
Why Montana?
A helium system extending from Saskatchewan to Wyoming. The ‘Montana Helium Fairway’ is named after several helium discoveries made in the Cambrian
Flathead Formation on the western edge of
the Williston Basin
Hosts helium production from North American Helium and Weil Group
Helium is generated in ancient crust and migrates along major structures
Nitrogen gas is an important exploration indicator and all helium discoveries on the Flathead Fairway are associated with nitrogen