High risk but high reward. And risk is decreasing.
Of course FL is high risk. Small pre-production resource companies have been in a brutal bear market for years. The few that have done well have a world class resource, good location, and ready access to capital. Tight credit markets and decrease in commodity prices have made everything worse. Low stock prices limit to raise meaningful capital raises from secondary stock issues. But Pulsar is real, and has real promise. The only question is if it is really a world class helium resource. That cannot be proven without a resource assessment and assignment of reserves. (based on flow tests and pressure recovery tests). That should come this summer. What is known is the have not only world class but world record helium concentrations. They are in a wonderful (for many reasons) if unexpected location. And they have many good options to fund development if they prove up a commercial discovery in Minnesota and can become significant part of a NA supply chain for helium. So sure Pulsar is dangerous (high risk). As are all small preproduction energy and resource companies. But there is potentially a huge reward. Way more than most early stage companies in this space. And Mitsubishi deal markedly deceased the risk/