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Bullboard - Stock Discussion Forum Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its... see more

TSXV:DME - Post Discussion

Desert Mountain Energy Corp > From "Looming shortage..." article
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Post by GoldenArm on Jun 15, 2021 10:10am

From "Looming shortage..." article

Casually referred to by many as “The Saudi Arabia of Helium”, the Holbrook Basin is widely considered to be the world’s best source for Helium. The market demand for this gas is high, given that its physical and chemical properties make it essential in a number of medical, scientific, and industrial applications, from MRI machines to air bags and of course, balloons.

Desert Mountain continues to work in a prime location to capitalize on helium’s rising value. DME will soon complete construction of its helium-separation plant in Navajo County, approximately within one mile of the closest well and is projected to save the Company more than $7.5 million compared with other processing options. Specialized refining techniques and its nearby location will reduce transport costs and increase the value of the produced helium, as Smith’s report stated, by providing industry with a more highly concentrated product.
Comment by 12groundpounder on Jun 15, 2021 8:29pm
You're right not all do they save all that money at $140 MCF to pay someone else to refine the gas but the argon And krypton gas with the two other gases will pay $38 MCF to handle there gas and to refine it.         1.  the other explorers only get $285 MCF then have to pay $140 MCF to refine plus they have to pay for trucking and they lose 10% of the helium ...more  
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