Avanti Helium Corp V.AVN

Alternate Symbol(s): ARGYF | V.AVN.WT | V.AVN.WT.A

Energy Oil & Gas E&P

Avanti Helium Corp. is a Canada-based pure play helium exploration company. The Company is focused on the exploration, development, and production of helium across western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an area of approximately 78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian. In Alberta, it has a project in Aden and in NW Montana, there are four project areas: Sweetgrass, Keith, Kicking Horse and Police Coulee. Leader Project consists of several permit areas; each permit is in different areas in Southwestern Saskatchewan. The permit areas are Maple Ridge, Fox Valley, Burstall, Abbey and Kyle. It covers approximately 91,000 acres of helium prospective land.

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Avanti Helium Corp > Financing

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Comment by canuckktraderon Oct 07, 2022 1:26pm

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Post# 35012714

RE:Financing

I think they are going to be way higher then DME, from what I read that is pretty small plant, and. the pressure from their wells means you haver to keep drilling a lot of wells to fill up a pant, even a small one. If you look at the size of the pool around their well, its pretty big, reason why I am so excited about the company they literally could be sitting on one of the biggest helium pools ever discovered.

Look at slides 15-19 Boom!

https://avantihelium.com/wp-content/uploads/2022/10/Avanti-Corporate-Presentation-Oct-2022.pdf

I bet they are more like $20mm-$30mm for a facility, but that doesn't worry me to be honest.... They wont be buying or paying for that through equity rasies.... they will either debt finance it or work with a mid-streamer.

gime you really need to look at other junior O&G companies their burn rate is not that bad..... this is big boys game and takes a lot of capital.

I think they have raised $20MM so far over two years (not including this $5MM)

Take $3mm right off the top for all the commissions, lawyers, TSX etc.... they all get thier cuts.

I bet they had to spend at least $5MM USD to acquire all that land in the US. So thats $6.5mm CAD.

Now your down to $10.5mm.

Best guess they spend $3MM USD each to drill their wells thats $7.8mm CAD

These rigs are BIG.... like 30-40 truck loads to move them in... I bet you its $500K just to move the rig which they all make the operator pay for.

That leaves them with $2.7MM CAD for overhead marketing etc over two years its not a lot.

But yes you are right, they are going to need more capital my guess they are trying to get over a hump here and get the results out for the appraial well and then rasie more money.... As you said planning.... why wasnt it done In 4 or 5 months ago? That part is a bit frustrating...