So basically this stock has gone up from 1c to 6c purely on...

First 56 Last

Share
Profile

Follow
eric341

7,594 Posts.

826

19/02/22

16:44

Post #: 59680653
Share

Originally posted by Footmax: ↑

Ok - are you actually serious with the question you posed? I will qualify that question by saying that no one has some magic crystal ball that can give a definitive answer on where BNL will be at the end of 2022.

What we have is a company that his just put its first drill bit into the ground in Colorado. A company that plans to repeat that 10 times in 2022. Has sufficient funds ($15mil or close to that) to complete this years drilling projects. Has a huge area of ground to drill into. That acreage has a history of helium strikes. It also has entered into a JV agreement (50% for BNL) where it has partners that will also be drilling. The JV partners and BNL have additional drilling permit applications in play.

I did actually answer your question in a way. If BNL is fortunate enough to strike high level helium deposits of commercial sizes, then it will either sell the gas directly or even set up its own helium processing plants - these I believe are mobile plants and I think they could even be leased. If there is anyone on this forum with more expert knowledge who could clarify the actual process, your input would be appreciated. Happy to be corrected if I am off target. In this case, BNL could flog off the helium directly to the market.

We need to remember that only one hole has been started - no results are in yet.

As for take overs - that can happen at any time for any company. Certainly, if BNL does strike very large commercial deposits, then it would look very attractive to a large player - great assets in land and confirmed helium where the supply of helium is constrained at a relatively low price. Current MC is around $100mil and even a 20-30 cent TO price would make for a mere $500mil - cheap if the gas reserves are high in Helium in large amounts.

I suspect that the circumstances regarding Helium strikes and decisions on whether there are significant commercial quantities will come in 2022 and maybe we will get significant indications by June. Until we get some results from drilling, then no one knows for sure.

Hopefully, this may at least give you some idea about where BNL could go in the next 12 months. I actually believe that we will have a much clearer picture by the end of June - and be all very pleasantly surprised.

Expand

So basically this stock has gone up from 1c to 6c purely on anticipation of striking helium?

We better pray they strike some high grade stuff otherwise this will crater.

BNL Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

There are more pages in this discussion • 13 more messages in this thread...

First 56 Last

Add BNL (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $7.779M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.3¢	$31.48K	7.908M

Buyers (Bids)

No.	Vol.	Price($)
31	15930180	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1555895	3

View Market Depth

No.	Vol.	Price($)
31	15930180	0.003
13	9903528	0.002
9	27101025	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1555895	3
0.005	7210368	17
0.006	5951664	16
0.007	5548309	17
0.008	3760822	8

Last trade - 16.10pm 20/08/2024 (20 minute delay)

BNL (ASX) Chart

So basically this stock has gone up from 1c to 6c purely on...

'Joaquin Silver District' acquisition to become a key asset for Unico

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

So basically this stock has gone up from 1c to 6c purely on...

Top Stories

'Joaquin Silver District' acquisition to become a key asset for Unico

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News