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Desert Mountain Energy Corp V.DME

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

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.


TSXV:DME - Post by User

Comment by fausthimselfon May 23, 2021 6:56pm
265 Views
Post# 33255936

RE:12 month target 1.6 Billion on 160,000,000 net earnings

RE:12 month target 1.6 Billion on 160,000,000 net earnings

After DME's VP of Capital Markets Don Mosher explicitly said that high grade helium (99.9999% pure) is used to purge rocket fuel tanks and cool large tech servers, and that high grade helium goes for $3,000/mcf, and that DME has a plan to sell their helium to these types of companies, I'm convinced that the company has no need to sell their helium for less than $3,000/mcf. 

Not to mention, the company has stated they can sell all of their helium to just one end user, which to me means there is enough demand for high grade helium that the company won't have to resort to selling balloon grade helium (99.9% pure). Unless we receive some information that says otherwise, I think it's safe to assume we will be getting top dollar for our helium. 

I first bought into this company under the impression we would be receiving roughly $300/mcf for crude helium. Once it became apparent to me that the company will receive $3,000/mcf for refined helium, and not $1,100 which was last quoted by CEO Robert Rohlfing, I sold the farm and backed up the truck to load as many shares as I possibly can. 

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