Desert Mountain Energy Corp V.DME

Alternate Symbol(s): DMEHF | V.DME.WT

Metals & Mining Industrial Metals & Minerals

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its Holbrook Basin Helium Project comprises more than 1000,000 acres of key helium prospects under lease. Its West Pecos Slope Abo Gas Field and gas gathering system is located in Chaves County, New Mexico. The West Pecos Gas Field encompasses a vast infrastructure, including 188 wells, over 50 miles of gas collection lines, and 77,000 acres of oil and gas leases. Its secondary focus is developing hydrogen assets located within their helium fields.

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Desert Mountain Energy Corp > Technically don't get it

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Comment by Bertie20on May 15, 2021 11:09am

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Post# 33209824

RE:RE:RE:RE:RE:RE:Technically don't get it

Hi mrfrankl. The $8.9m is the projected revenue if they sell only crude helium (priced at around $280 per m bcf). They are, however, planning to refine the helium, which is a far more valuable end-product (priced at anywhere between 1,200-3,000 per m cu ft). That's why Don Mosher is predicting $50m a quarter from 5 wells. Importantly, once the warrants are fully closed (ten days or so), they are fully funded for all of this.

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