CTP 3.64% 5.3¢ central petroleum limited

on 4/12JH mentioned some indicative info re: the extraction of...

  1. 801 Posts.
    on 4/12

    JH mentioned some indicative info re: the extraction of Helium

    has anyone done any numbers on this? as I have not caught up on all posts recently.

    this is right off the top of my head and has no basis for the figures used or even the calculations but here we go.

    He mentioned 10m cubic feet of gas at say 5% HE per day.
    so that would be what 1/2m cubic feet
    selling between $115 and $130 per 1k cubic feet.

    lets take out some arbitarty figure of say $70 per cubic feet for expenses.
    so thats $45 - $60 per 1k cubic feet profit.

    so am I right in thinking thats something like 500 x $45, or 25k a day roughly.
 
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