Avanti Helium Corp V.AVN

News

[ragingcanadian1]

Looks like q3 q4 drilling. Shouldn't take to long to get results after that. I'm assuming extraction and transport will be pretty simple. Perhaps others here have insight on this. I'm more of an oil gas guy

[wallpaper2]

Unfortunately the drilling etc takes a lot of time. One Cdn. Helium company states it takes: 30 days to drill 1 hole on avg. 10 days to complete process. 6 weeks to test and evaluate. So many meters per day and it depends on what they end up drilling thru or what issues arise. So it likely takes 3 months or more before they know exactly what they have. Looks like drilling to begin early 4th

[ragingcanadian1]

It varies. I used to drill many years ago. Not for helium mind you but initial testing occurs during drilling process. They usually have a very good idea what they got soon. Completing the hole and setting up for market is another matter. But for our purposes we should know sooner rather than later what we got

[wallpaper2]

Apparently not the case at all with helium. I too was very active and close to the mining sector for 30 years and this sounds quite different. I have recently spoken with two experienced people in this field.  They said,  "you know NOTHING until you test the finished pressure, flow, nitrogen/helium content, compute the reserve and tie it all together.."  They said 

[ragingcanadian1]

Interesting. Makes it all somewhat riskier. We knew pretty well what hole was like with flow test and down hole logging with o&g. Makes the data they bought all the more important. All good. I can wait