Hi LC,
I was using figures as stated on CTP's website, which says; ... "helium prices approaching USD $130/1000 scfg in the USA".
Under key points, it says; .... "Helium potential of up to 200BCFG Helium in UGIIP at Mt. Kitty Prospect alone".
My calcs.(if correct) show that;
200,000,000,000 cu. ft. gas, divide by 1000, =200,000,000, multiplied by $130 = $26,000,000,000 ie.($26 Billion)
Hope I'm correct, but DYOR.
Because I have not the expertise in these things, there has been no allowance for production costs, etc., ... just working with the raw basics as quoted on CTP website.
And CB,... just divide US$26 Billion by CTP number of shares issued,... that's what the share price in theory could be,.... (probably around $8 ?), ... but making allowance for production costs, etc.
These are amazing figures to contemplate, but we will just have to wait until drilling happens,... good to dream in the meantime.
Regards all, Ravi
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