RE: Thoughts10 Apr 2026 12:20
They have already said if proves commercial they will be looking for a PSA plant to bring into production. HEX picked one up second hand for I believe about $500,000. But their CEO Bo Shears has excellent industry contacts.
They acquired it December 2024, site pad construction etc start of July 2025 and eventually delivered to site August 2025 (approx). That gives you idea of time scale. If you get a new one and/or fabricate from scratch then........................
New or second hand they have to be thoroughly checked out, got to site, set up etc. It all takes time. When set up you get first gas but then has to be tweaked, ramped up slowly, continually checked, purity control. So many things.
HEX RNS first gas 23rd February and subsequently first trailer contracted. But to this point nothing further on spot price sales. Long term contracts follow but again time is what it takes. Other examples out there like Blue Star Helium HE1's JV partner. If you research you will see times scales. Just sourcing and securing a PSA plant will take time. They don't grow on trees or in the corner shop.
The biggest step is to prove flow rates, helium content and commerciality which imho be not less than 4 weeks before we get the EWT Results. Hopefully get lots of good hints and clues along the way to keep SP going.
But if we "produce" first gas from a plant before year end will have done exceptionally well imho dyor