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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  V.RHC.WT.A | V.RHC.WT.B | RHCCF

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Bullboard Posts
Post by wetcoastdaveon Nov 23, 2017 6:25pm
222 Views
Post# 27022392

Potential

PotentialRHC with it's sole holding the former Vela resources has a market cap of ~20M. NorthAmerican Helium (privco) with twice the land holdings has a 100M cap. It drilled 5 wells with 2 wells with 0.7 & 0.8% He (breakeven is ~0.3%) with a 1 year payback. RHC's initial well (of 3) is now drilled to target depth and production testing, starting in 2 weeks will take another month. A historic test on this well returned 1.41% He! This company will be revalued over the winter.
Bullboard Posts