IMO....Catpital expenditure to Stimulating Jesse-2 well will cost No more than $700,000 + another $100,000 to connect our raw Helium gas to the Lisbon Valley Helium pipeline.
+ 5,000,000Mmcf/ day minimum of raw Helium gas at 0.009% and US$1,000/ mcf minimum
( but premium Helium at 99.995 is currently selling for US$3,000/mcf) which should give us / day revenue of
+ US$50,000/ day .
$50,000 x7 days = $350,000/ week x52 weeks = US$18,304,000 minimum/ annum at US$1,000/mcf only.
IMO this is achievable without another Capital Raising .
We should take the risk and stimulate Jesse-2 well.
DYOR
GLTALSH
256lith
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5
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