Royal Helium Ltd. V.RHC

I have only ONE question

[Margin321]

Does RHC have enough money to move ahead on everything that has be be done to produce helium at Steveville by April 1, 2023 in order to meet the requirements of the off take agreement that they have signed witht he rocket launch company.

I do not even know who to ask and whether I would get a straight answer. Maybe someone in communication with the company could try to get an answer to that question.

[jake1444]

If so, they would have mentioned it in the financing news release, wouldnt they? Would only make sense. Thats why I think they are paying their engineering bill and another financing will come late this year for surface equipment and the online date for production will get pushed back a few months(best case scenario). I really dont know why production at Steveville is taking so long. The

[chuck21]

I really don't think these guys planned on being around for production. Seems like most of the work has been done to promote a sale. Jmho

[Margin321]

What do you think the company would sell for? The market cap is 38 million. Sale price would probably be less than that. If is it was worth a lot more the share price would be higher and they could raise capital with relatively small secondary offerings. A Nazare horizontal might cause a re-rate but a processing plant for that would be a monster, a $100 million monster. Production at Steveville

[jake1444]

$100,000,000 processing plant? Do you have details?

[Margin321]

The volume of gas that will need to be processed at Nazare is 10 times higher than Steveville and Andrew has called it a monster processing facility.  Since Steveville purifier cost  is $20 million and the meter is still running, and it  is a definitely not a monster just a portable unit, I think 100 million might be conservative for a monster plant  to process multiple long

[jake1444]

Steveville had good natural gas flow rates. But I don't remember if I read about the flow rates at Climax. All I remember is helium %. If climax wells are 10x more productive in terms of natural gas flow, they should be getting these wells on ASAP and sell the natural gas while prices are high. 

[Margin321]

The shallow climax will have less flow than Steveville but a slightly higher helium concentration at .60% or so. The Nazare deep hoorizontal wells will flow at more than 20 mmcf/day of raw gas. Two of them may flow 50 mmcf/day. The helium concentration is higher than Stevevill but not double or anything. At Steveville the well is competed and tested and there is a christmas tree on top and all

[Margin321]

"Construction will start shortly depending on financing" means nothing. What price will the next financing come at? Is that even possible? Cormark doesn't want their 7 million to go to 3 million in two months.