There is plenty of helium reserves outside of the US and some wells having 12% - a nice 'accidental' find worth around $100bill according to the following:
“Russia is going to become the number-three producer as early as 2025, and they’ll end up accounting for a quarter of the world’s supply within the next five years,” says Kornbluth.
Qatargas in Qatar is opening a fourth plant, which—together with Russia’s new facility—should expand global helium supply by about 50% in the next few years, he adds.
...new countries are now starting to produce helium, and a flurry of companies are exploring potential projects around the world. Four helium plants opened last year in Canada, and one started up in South Africa.
As for BNL - better get a move on to take advantage of current high helium pricing.
BNL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
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