RE:Ready for Takeoff 1. 22,000 MCF of helium at $500 an MCF is 11 million a year.
2. 22,000,000 pounds of CO2 is 11,000 tons at $100 a ton is 1.1 million a year.
So revenues will be about 12 million a year which is good but will not find robust growth. They need to test Val Marie and Ogema. They need to drill one or more wells at new Alberta site. The need to drill a long horizontal in Nazare formation at Climax. The may need another faculty at Climax (maybe much bigger if they are going to produce the Nazare or of the same size if they want to produce only the shallow climax wells). They may need a facility at Val Marie and/or Ogema.
Anyway the are going to be capital constrained even after Steveville facility on line.
I was surprised there was no bump in share price with this press release. But they are still weeks away and they still have to prove it works.
And I guess $12 million a year is good but maybe not amazing. I do think the CO2 module is in place and will add another million or so to revenues. It will not add more than the helium as some have said, maybe 1/10 as much.