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First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. is a Canada-based independent provider of helium gas in North America. The Company is exploring and developing a premier helium project in Alberta, Canada. The Company's Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 53,000 acres with multi-commodity exposure to helium, as well as oil, natural gas liquids (NGLs) and natural gas. Its targets are located on trend and adjacent to past producing helium-enriched natural gas pools and light oil wells.


TSXV:HELI - Post by User

Post by 12groundpounderon Jul 08, 2022 1:18pm
216 Views
Post# 34811406

1.5 million per month is almost a 5% return

1.5 million per month is almost a 5% return1.5 million per month is almost a 5% return. As soon as we add three more wells it goes to 10% return cash per month. If you have to do a stock issue in this market you get killed and you have to dilute at half the price. We are earning money that flowing over the door around the door and under the door. When a company trades for 20 or $.30 on the dollar that 5% cash per month invested can I add 15% to a company. But this company has the top one percent of productive wells because of the huge Reservoirs .Each of our wells averaging  1.5% return per month. Put that in your pipe and smoke it..Or they're earning each well an18% return Annually  an average of 18% for the whole company . In these times Warren Buffett says cash is king. Even if the company ends up drilling wells at half a productive capacity I'd be happy with a 9% annual corporate  return Per well. Keep out of debt and All will be fine.Unless it's for infrastructure or a plant. Really we should pump all of our money into more wells especially with these averages. Drill six wells cash flow  could spike 300%. Then the share price would be up to 600% with a premium cash flow multiple revision,
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