Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.WT | DMEHF

Desert Mountain Energy Corp. is a Canada-based resource company. The Company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company holds properties under lease for helium, oil and natural gas in the Holbrook Basin of Northern Arizona. The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located... see more

TSXV:DME - Post Discussion

View:
Post by Bertie20 on Jul 13, 2021 7:26pm

Helium-3

Robert Rohlfing's mention of a potential helium-3  discovery in Well 4 is a fascinating development. From what little I know/have learnt, He3 is a critical input for fusion energy (should it ever become a reality) and is staggeringly rare (just 0.0001% of all helium is He3--the rest is He4). Because of both things, China has in the past mooted the idea of mining the moon for He3. 

In terms of modern day usage, He3 seems to have some kind of role in nuclear weapons development and in nuclear detectors. There was a dire shortage ten years ago, but this shortage has apparently eased. Nonetheless, because of its scarcity, I would posit that He3 is likely to be priced at a premium to He4. Definitely worth watching this space....

Comment by ExWEIMan2 on Jul 13, 2021 8:50pm
I did a quick Google Search for helium 3 and found: At $1400 per gram, one hundred kilograms (220 pounds) of helium-3 would be worth about $140 million. One hundred kilograms constitutes more than enough fuel to potentially power a 1000 megawatt electric plant for a year when fused with deuterium, the terrestrially abundant heavy isotope of hydrogen.   It is also the only stable isotope ...more  
Comment by GoldenArm on Jul 14, 2021 10:52am
got this off Wikipedia and don't know if it is 100% true however given the fact He3, a stable isotope of He can be used to do dangerous (nuclear reactions) to more helpful use in medicine, I wouldn't doubt the validity of it. "Production, sales and distribution of helium-3 in the United States are managed by the US Department of Energy (DOE) Isotope Program.[26] Hence having the ...more  
Comment by tylerod1 on Jul 14, 2021 11:04am
It is used for Nucler Fusion and Space Exploration.   As far as i can tell the main reason the USGOVT passed legislation to move towards privitazion of helium is because they discovered the national reserve had only a 2 year supply of HE3 in 2010-2012 ish. That legislation i believe kicks this september off the top of my head.  in 2011 the US Govt auctioned of HE 3 for 500k a troy ...more  
Comment by Margin321 on Jul 14, 2021 11:11am
Thanks, very interesting.  Remember that no well produces pure helium3.  A "good" well for Helium3 has 200-300 helium3 atoms for every million helium4 atoms. (primordial gas or cosmological gas which comes from deeper source via super plume).  A "normal" well for He3 has 5-20 atoms of helium3 per million atoms of He4. In this case the primordial helium is diluted ...more  
Comment by lccommoner on Jul 14, 2021 12:19pm
U.S. Department of Energy has two National Laboratories in New Mexico. Los Alamos National Laboratory was started for the design and deployment of WWII nuclear weapons. Sandia National Laboratory is in Albuquerque. Both of these labs engage in energy research, etc. Albuquerque is only 232 miles from Holbrook, AZ. Best to all. LC P.S. Heard about DME from David Morgan a couple years ago. Was very ...more  
Comment by GoldenArm on Jul 14, 2021 4:32pm
Lithium is another way to produce it but that is moot. How far is Area 51 from the proposed plant? We should just urge the Billionaire wanna be Astronauts to come to a meeting and let the bidding on DME start at $100 Billion.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities