First Helium is one of my favourite helium pubcos on the market. They're highly undervalued because of the exploration potential.
- Currently have 1 well drilled (The Worsley Well)
- 3 more planned for the fall/Q4 exploration program in the 8,064-hectare property
- Additional holdings of around 24,000 hectares along the Worsley Trend
- $8M cash position
In addition to their massive land package and exploration potential, $HELI has become the first Canadian helium company to release an independent third-party engineering report. The preliminary study is a required step for companies that wish to enter production. $HELI will be in production in around 9-15 months, highly dependent on when the specialized helium processing equipment is delivered to the company.
$HELI is far ahead of their competition in the sector. Production by 2022, cash assets worth HALF of their total market cap, 3 more wells to be drilled in Q4, and almost 32,000 hectares of land. Now, tie all those things into the current market cap of $15.4M; all I can say is things are looking extremely bright for the future. Even now, this is easily worth $20M+, let alone the potential later on