Helium

Global demand is currently around 6bcf per annum, and constrained by supply. Demand is reportedly set to rise to 8.5bcf ( refer recent announcement). Price has consistently been rising and is 100 times that of natural gas.

Helium is a vital resource across many sectors including medical, technology, industry, space exploration, leak testing, fibre optics, data centres etc.

As the CEO explained in an interview this week, .3% is considered a commercial grade. We are looking at 6 to 11% in the Amadeus Basin- we’re very fortunate, he says.

I am hearing this is pretty low capex with big potential revenue numbers. A great opportunity in the making it would seem.

I see that our MD is presenting in November in Sydney and Melbourne at the RRS opportunity. I am sure we will learn more.

Probable reserves of 25bcf of helium. I wonder what that equates to as in ground resource?? Anyone got a big enough calculator?

Added to the unique, highly prospective and advanced Aplha bitumen project, and the Millungera Basin geothermal project, I cannot help but think at a lowly $32m market cap, we should enjoy upside from here.

Friday afternoon was an interesting bit of trading. Some nasty bot working hard to keep the price down. We need some friendly Bots!!! This is pretty tightly held.