Long term large supply contracts are more like US$300 or US$400/mcf given global shortages. Spot prices yes are very high right now US$2000/mcf + I have seen reported but you won't get offtakes at those price levels to underpin financing for a processing plant/equipment?
How do you guys interpret the P50 of 13.4bcf being based on average of about 8% avg helium? Was the 3% today from this area? If readings are less than 8% how does that impact the resource size?
Ann: Helium Discoveries at Galactica - Pegasus, page-16
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