Pulsar Helium Inc V.PLSR

Questions for the Board

[evilballs]

What is more important?  Helium production from Jetsream or confirming size of the field potential?  

Can the company both drill the field potential and and bring Jetsream into production or do they have to prioritize funds for one or the other? 

Confirming field potential would most likely bring a much larger market cap for a financing for a plant to liquify helium or is the cash flow potential so great from Jetstream that they can fund both production, drilling, and ultimately a plant to liquify the assets?  I've read on these boards a $50M number for production but at least $200 to $250M for a plant to liquify.

How much did it cost to drill Jetstream?  How much cash does the company have after warrants are exercised ans how much cash does this company need to attain those three price drivers of the stock?

Thanks in advance

EB

[Bertie20]

I know of the $200m number, but it's way off I'd argue. Pulsar themselves have said it would cost around $50m to build a production/liquefaction plant, so I'd go with that. Personally, I'm very keen for them to drill a step-out well, for the reasons you state. They currently have C$3.1m in the bank, and may raise another C$3.5m from forcing the warrants. More than enough to drill

[HeliumHigh]

From public statements, I believe actual production is a LONG way off - like Q4 2025. I suppose they could generate revenue earlier by selling raw gas, but I doubt they will do that based the much lower pricing involved there. To justify the massive investment needed for liquifaction ($50M is probably best case), a great deal more will need to be known about the size and quality of the Topaz

[Surething1]

HH, All very good comments. As a mining enthusiast, I find the Q4 2025 production date a welcoming statement. I've also found that regulatory/ state agencies tend to clog progress in almost every case. Let us hope that both regulators and taxing authorities recognize the tremendous opportunities present here. This can be a win/win for both the local and state economies. I find the 18.75% over

[Margin321]

I think 5-10% of portfolio in 3-5 different high risk/ high reward microcap resource stocks  is worthwhile and can add wealth if one or more are successful. Betting the farm is not prudent, unless you are very young and can easily get another farm if necessary.  Also agree that it will not take a lot of lot of field development here. Just flow testing ptogram which will be done soon.

[Margin321]

Good comments and I would agree totally if this was a natural gas field. But 13.8% helium means that even with modest flow rates the production from one or two wells would generate a million dollars a day and pay off the olantvin 3 months. Economics are totally different with helium.  As an example the pinto dome field in Hilbrook badin in Arizona produced commercial volumes of helium for

[Margin321]

If the well is commercial, funding for step out well and helium plant will not be a problem. If well is not commercial, no need for either. They will have to carefully consider whether there is a next step at Topaz with a different well type or completion strategy. This upcoming well test program is a pretty binary event. 

[Dmmh2018]

I noticed on one of the press releases that this project is regulated by the ministry of health. Strange I thought but is it because there are no hydro cardons in the well therefore no pollution? Helium is needed for MRI machines used in hospitals 

[Margin321]

There is lots of regulation involved. This is Minnesota. In fairness mining (incluidng oil and gas extraction)  has lots of health issues. Pulsar just has to prove that this type of mining has little or none. That will require some filings and some evidence. Should not be a problem.Just one of many hoops to jump over.

[Bertie20]

To be fair, Pulsar did see the regulatory train pulling into the station. They invited a bunch of government officials to the site during the well, and I'd expect them to do something similar for the flow test. 

[Margin321]

Only important thing short term is well testing program to determine flow rates, pressure build up, resource determination, assignment of reserves. It is pretty much a binary proposition. IF well is commercial then all is pretty easy - maybe drill one step out well to add scale and give redundancy in case of well issue, then figure out funding for the plant for which they will have options. If