Post by
Margin321 on Dec 19, 2023 12:08pm
Yes Bridge there is some hope!
But it is beyond strange. They tell us it takes many months to optimize and test but it will be totally on autopilot with little or no maintenance once they get it right. I have never experienced any plant opening like this one. Nothing to do however other than sit and watch. And hope. I have lost so much here that there is not a meaningful residual dollar amount to recover. Might as well watch to see if RHC can survive and can deliver the next production site and the one after that. Hopefully at Val Marie and Ogema which could have double helium concentrations compared to Steveville, but likely much lower flow rates. Someday they could also drill a horizontal well at Climax in Nazarre formation and see if there is a BIG resource there. They would likely have to farm out that horizontal well and any production facilities (much bigger than at Steveville) at Climax too. But they need some credibility as a going concern to make any big deals.