RE: Share price1 Jan 2025 15:57
Currently they have 126m shares in issue. 13% of their acreage is what they currently have under consideration which analysts reckon could have He worth about $2.5b and CO2 worth about $600m, going forward ,were they to utilize 100% of the acreage they have , the story would be much different in terms of potential valuation. Now the good thing about them is that in the area they continue to push for more land acquisition in an area where they believe the reservoir could be district wide in size.
They have now issued more shares to finance further moves in that area , a bigger area , all things being equal could mean a bigger resource and most likely a higher share price with the possibility of getting taken over. I am of the belief that the deeper they drill the more likely they get a higher concentration of helium beyond the 14% so far found but as it is the 14% found so far is great news.
Good thing is that drilling is starting soon and by the end of February we would have news or before then! With the figures given above , I would be happy to see someone put a likely valuation on the sp.
Have a great new year y'all!