Correct me if I am wrong , )which is not uncommon ) ...
Not exactly a great money spinner even if they get say 6 wells going all successfully at a capex of $2.4M ( 400K * 6) in drilling plus say 600k K for plant for a total of $3m
If shares were issued to get that $3M at no discount to 0.8cents a share that would increase the float around $50% so a market cap of around $7M
say 40mmsf per year * $300,000 per mmcf = $12M a year in revenue less 12.5% royalty = around $10.5 M revenue
Lifting costs guessing none considering Helium is lighter than air !
Guess the 64k question is what is the average volume of helium per well so one can work out the NPV of the project .
BNL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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