Might be funMight be fun to eyeball the photo gallery of the Desert Mountain Energy Processing Facility that is being installed in Arizona over the next 2 weeks. It was built and tested by Regeneron and shipped from Houston. It has been delayed over a year to get it manufactured and tested. Helium 1 (if god willing they find helium) plans to buy an off the shelf system form a major gas company for $50 million. (They do not have $50 million but they hope to finance it based on proof of a commercial discovery).
There is a lot to do if Argae Systems is going to get that plant running in March 2023. If they do and sales commence in April as per the offtake agreement, then the long brutal slide in RHC shares will be in the rear view mirror. Good Luck to all. Maybe 2023 will be the year some of the the small cap helium producers get launched. Hope one of them is RHC.
Was great to see that the first move after getting the financing was to grant 6 million of stock options to insiders at 26 cents. Only bad thing is that they do not expire until December 1, 2027. I would have been totally happy if they expired end of April 2023. Because if the plant is operating and they are selling helium by then, the shares will be higher. If neither is true, the shares will not be at that level.
https://www.desertmountainenergy.com/helium/#processing_plant