"very big possibility debt financing can be achieved by BNL ..... That means...No Capital Raising .... IMO BNL could achieve 5 Helium production wells in no time"
Commercial proven reserves are needed by debt lenders in my opinion and offtakes. Thus far BNL has 13.4bcf of helium in the "undiscovered" Prospective Resource category and 0.6bcf in the sub-commercial Contingent Resource category.
As per the Sept 12 ann a resource update was due in September for Galactica/Pegasus which says at least contingent resources are expected. Let's see if any of the higher category of proven commercial reserves are reported by Sproule.
BNL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
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