Well, in terms of BNL becoming a producer, here's a little spiel...

Well, in terms of BNL becoming a producer, here's a little spiel from Helium One's last Financial report:

The full development programme for the Galactica Project will require the drilling and tie-back of 15 wells,as well as commissioning of the relevant helium and CO2 processing equipment.

The initial programme willrequire the drilling of six development wells and is commencing in Q4 2024. Once these are complete, it isforecast that the sale of helium and CO2 from these initial wells, will generate sufficient cash to fund the drillingand tie-back of the remaining nine wells as the project is close to existing helium processing facilities, associatedinfrastructure and downstream users.

The initial wells are expected to be on stream and producing in H1 2025 and an independent third-partycompetent person's report indicates that an average of approximately US$2 million per annum will accrue tothe Company over a period of five years. However, these estimates represent only sales from the production ofhelium, and the Company believes that the sale of associated CO2 into the local market, could increase this byup to 50%.

So, an expected average annual income of between US$2-3million from the initial 6 wells - the money will enable for development of the additional 9 wells. That level of income is not a huge amount and bear in mind such moneys if and when received will be used in further development but should avoid the need to further dilute.

Sounds as though 'real profits' will not occur till more then six wells produce - just how long for that to occur is unknown as is whether in three more months expectation of sales becomes reality. Waited this long, so 3 more months of wait is relatively short. Cautious optimism but not expecting too much upward movement in sp for a while yet. AIMO