RE: News15 Dec 2024 17:20
Sensible posting today. I take a wider view in some ways. I refer back to something Bo Sears said...
"Helium E&P is like a three-legged stool: one leg is exploration, one is processing and the last leg is marketing. If you’re missing one of those things, the stool falls over"
He continues,
“Anyone can drill a well, right? I’m no different. I’ve drilled lots and lots of wells, anybody can do that. Processing is an entirely different matter. And then marketing is a completely different matter from both of those.”
“There are a lot of new entrants in the helium exploration space right now and all of them know how to drill, he said. It’s the next steps which become somewhat problematic. For a few companies, some of the plants they are building are Serial No. 1, which oftentimes suffer lengthy growing pains getting the recoveries and purities just right. But everyone has to learn these things on their own – while hopefully maintaining investor interest.”
I feel ( strongly) that in our Ceo , we have both extensive experience & no doubt an endless list of contacts, in the right place, to make the transition from exploration to production as straightforward as possible. I have very high hopes that Rudyard will be generating cash in 2025. Not only is our CEO first class , so is the location .
In the knowledge that we could generate cash annually , that is not far off the current MCAP, the current SP doesn't begin to reflect this.
Obviously success at Clink 1 would catapult this into another league entirely.