"These are the potential revenues... even if the wells are half of the low based on what Robert has said I would still buy this…"
Spanning 27,000 acres in Arizona's helium-rich Holbrook Basin, Total Helium's (TOH.v TTLHF) Pinta South Project has captured notable industry attention due to its remarkable helium concentrations ranging from 5% to 8%. This represents a substantial improvement over the usual helium concentrations found of up to 3%.
Furthermore, TOH has secured economic viability having facilitated the sale of its helium at a rate of USD $500 per thousand cubic feet (MCF) through its strategic partnership with Linde (LIN, $170B market cap), the world's largest industrial gas company.
As broken down by user Hawkstein on CEO.ca, this results in significant revenue gains at both production levels: https://ceo.ca/toh?e283fc7b8772
Having made remarkable strides toward its objective of having 30 wells operational by year-end ahead of its final trajectory aiming to expand operations to encompass over 300 wells, TOH's latest update revealed 19 wells drilled so far at Pinta South.
Two wells are operating at full capacity and producing a combined rate of 250mcf per day at concentrations of 8%, 7 operating at limited capacity, 4 expected to be operational by Q3 2023 and 5 awaiting completion and pipeline connection.
Positioned in a market projected to reach US$ 29.87 billion by 2030 amid a significant supply shortage, TOH is emerging as a high-potential and rapidly scaling helium producer.
Posted on behalf of Total Helium Ltd