Comment by
mrfrankl on Aug 05, 2021 9:50am
This really puts into perspective how rare helium 3 is. The report says there's 15kg of helium 3 every year. 1 MCF of it would be about 3.5kg based on numbers you provided earlier. I don't think we'll be anywhere close to that much.
Comment by
ScaleofSale on Aug 05, 2021 7:17pm
I think this H3 is wishful at best, and fanciful at present. The test results for #4 are still a few weeks away, and then and only then will there be any idea of certainty and value reflected in the SP. DME will develop over time and any future predictions are not considering just how long of a process this will be.
Comment by
12groundpounder on Aug 06, 2021 7:35am
You don't need wishful thinking when they had high-tech gas readers That told them what gases they had as they went down and the amounts Increasing or decreasing. It's like knowing what the lab test results are like before you even get them.
Comment by
Margin321 on Aug 06, 2021 9:12am
I agree that $500 million on net earnings may be worth $10 billion, if stray with some chance to increase over time. However right now the market cap is $300 million for zero earnings. RR has promised production by Q4 2021. At current pace of everything that seems pretty unlikely.
Comment by
tylerod1 on Aug 06, 2021 9:24am
We're all excited about HE3 but if well 4 generates a large quantity there is no reason to expect 45k an ounce for the whole lot. That price was an anomaly during a shortage.