Morning trading October 15, page-11

RLT

I mentioned yesterday I thought investors were blindly buying BNL helium.

Compare:

BNL 0.6BCF target, up 1000%, $50M market cap, 1Bn SOI
RLT 32BCF target, flat, $130M market cap, 130M SOI.

RLT is 50 times bigger resource with the highest grade in the world. RLT average 3.5%, US average 0.5%.

News articles like this that state "Since mid-2019, the only pure helium play on the ASX, Blue Star Helium, has been a first-mover in a global helium hotspot". have been ramping BNL when it isn't really the case.

https://thewest.com.au/business/public-companies/blue-star-goes-all-in-on-helium-strategy--c-1347148

RLT is at depth of their first hole with 3 to go, plant design completed and offtake in place.
BNL is still doing site surveys

I know which I'm buying.