Ann: Mbelele-1 preliminary results point toward Helium Discovery, page-31

I believe the boards plan is to sell to the bigger players, so I'm hanging in for that, net pays are twice estimate, and expected concentrations are 5% or 2/3 higher than forecast.
So on Helium concentration increase 15.7Bcf goes to 23.5bcf, now double the pay zone, that becomes 47bcf or best estimate from MST valuation report.

So perhaps the 176bcf from that report would be more like the 405 bcf from total license area best estimate in that same report.

15,7bcf @ USD $450/mcf = USD$7.5b company assets

405bcf divided by 15.7bcf = 25.7 times $7.5b = USD $193b valuation

Currently fully diluted approx 560m shares + up coming new placement under rules 7 @15% = approx 644m shares on issue

50% basically goes to Tanz Gov for taxes and royalties.

193/0.6445/2 =USD $149.8/share approx AUD$200/share

you can buy now for 1/1000th of that

GYGT