At 50m NHE marketcap I don't see why you'd buy this NHE versus RLT given its low marketcap currently RLT and risk reward etc.. ? Maybe short-term it'll do ok NHE into drilling and discovery but beyond that longer-term personally I prefer RLT.
NHE 50m marketcap
Helium only?
Drilling soon about 15bcf of helium prospects of which if successful 50% to NHE and 50% to farmout partner at this stage?
Upside potential over 100bcf of helium but risk its shared with farmout partners?
Unproven geology given only prospective resources of helium at this stage
If successful production from 2028 of about US$300m in revenues of which 50% at this stage to a farm-out partner and unclear if that 50% will hold long-term when further funds are needed for capex and drilling?
Location - Tanzania so logistically will struggle to reach the main US market within 40-45 transit times of liquid helium iso containers
Renergen RLT 200m marketcap
Helium reserves of 13.6bcf
Methane reserves of 0.4tcf
Proven geology given proven reserves and upside potential of over 400bcf of helium present per a presentation at a recent North American conference
Pilot plant operational with LNG and liquid helium
Phase 2 expected to be operational about 2026-2027 with EBITDA over AUD$500m/yr all going well (per a March 8 2023 RLT ASX Guidance Note) today 145m shares with at least an additional 67m new shares expected for Phase 2 funding via a nasdaq ipo
Renergen well located to supply globally logistically. Looking at putting a helium depot in Brownsville Texas to be able to capture high spot prices to the US space insutry and semiconductor plants etc..
