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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 12groundpounderon Aug 16, 2021 2:54am
173 Views
Post# 33708356

RE:Does anyone understand the helium market DME is selling into

RE:Does anyone understand the helium market DME is selling intoThey have $26 million left Over approximately 1 million needed to build a solar plan and $14 million to build the refinery. They saved $7 million on buying trucks to deliver the gas as the companies six of them with in 200 miles are huge and already have trucks and will pick it up for free. One of the companies out of all six could buy every lick of helium they could produce now and in the future. Chip plantss Data centres Panasonic making MRI machines needing 1200 to 1600 L per MRI machine sold. Within 400 miles there are 27 end users. Plus the US government space and NASA development. Lately when they had $29 million they had already paid for Wells number 1 to 3 to be drillEd. With the money left over we only had to pay for the drilling of the fourth well . We have a bout $9 million left over after building the solar plant the refinery and drilling well 4.
    Linde built helium plant in Canada that you show in the article is separating natural gas and helium we don't have any natural gas or oil to separate. We also don't have the problems of 20 below zero in the winter. We don't need any money why do you think they turn down the billion dollars from institutions. If you listen to some of the interviews they have all the money they need right through to production. Also the grade of helium in Canada or anywhere Is mostly 1% we have 4 to 7% so far and I believe the helium marker shows 10% indication in well three. Now you have helium three in the fourth well. I think you're a little too sceptical
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