TSXV:TOH - Post Discussion
Post by
MarketMakerss on Sep 29, 2023 4:00pm
Green close & double the average vol despite harsh market
Emerging as a high-potential helium opportunity with remarkable helium concentrations amid the helium supply shortage, Total Helium (TOH.v TTLHF) is trading up with above-average volume today.
Spanning 27,000 acres in Arizona's helium-rich Holbrook Basin, the rapidly scaling helium producer is focused on its Pinta South Project which boasts remarkable helium concentrations of 5% to 8%. Notably, this is a substantial improvement over the usual helium concentrations seen of up to 3%.
Offering a fast development opportunity at a low cost, TOH has secured Pinta South's economic viability through a strategic partnership with Linde, the world's largest industrial gas company for the sale of its helium at a rate of USD$500 per MCF. This has secured a rapid payback period ranging from a few weeks to a maximum of three months.
Significantly, this results in significant revenue gains at all production levels, as broken down by user Hawkstein on CEO.ca:
"These are the potential revenues... even if the wells are half of the low based on what Robert has said I would still buy this…"
On track to have 30 wells operational by year-end, TOH's latest update had 19 wells drilled at Pinta South so far with its final trajectory to expand operations to encompass over 300 wells.
Of the 19 wells, two are operating at full capacity and producing a combined rate of 250mcf per day at concentrations of 8%, 7 operating at limited capacity, 4 expected to be operational by Q3 2023 and 5 awaiting completion and pipeline connection.
Posted on behalf of Total Helium Ltd
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