RE: Ingomar - Clink#111 Feb 2025 03:50
Rudyard:
Initial Prospect: "Rudyard Project covering 5,600 acres in Hill Country, Montana, prospective for 484,000 Mcf helium.
Actual: Reserves of 355 million cubic feet of helium calculated by Aeon Petroleum Consultants Corp. ("Aeon") on northern dome only $115M... In house, including the 'Southern dome' = $220M (Roughly).
Ingomar:
Initial Prospect: Prospect Resource 2.3 - 6.0 Bscfs... NPV8 of $303.1 million, Undiscounted net revenue of $605m (after tax, royalty, CAPEX and OPEX)
Actual: ETA 2 weeks... looking good so far.
Ingomar Project has always been the Golden Goose for HEX, although now we're at the point we're less reliant on it being a 'make or break' for the company.
It will provide us with more reserves and our second plantation allowing redundancy of supply.
It's also got a prospective resource to add between 4x -12x our current Rudyard reserves.
If Ingomar Clink (Charles formation) results are good, we should get a very decent rise.