First Helium Inc V.HELI

Alternate Symbol(s): FHELF

Chemicals Chemicals

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

First Helium Inc > Company value is incredible right now

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Comment by AboveBoardon Dec 03, 2022 2:11am

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Post# 35148294

RE:Company value is incredible right now

Hawkstein wrote: Oil revenue (1-30 & 4-29 wells) = $10M/yr
1 helium wells @ worsley (15-25) = $8M/yr
3 additional helium wells @ worlsley = $21M/yr
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Total = $39M/yr

Current market cap = $15M/yr

Essentially debt free.

Do the math.

All that's missing is an offtake agreement (any day now) and we're rolling.

Can the management execute? Ran to 88 cents. Lots of hype. Trades at,20 cents. Classic retrace to the start. Now financing again. Touting numbers does not create value. Executing and achieving needs to occur. Still sitting on the fence. Oil will eventually settle even lower. Not sold on the helium hype...if it so lucrative then show us the money. Talk is cheap.

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