Possibly the world's largest & highest grade helium deposit

RLT has a market cap of $128M.

Shares on issue just 117M. 95% of those share are held by 8 shareholders. That leaves less than 5M shares in the market and plenty of those would also be L/T holders.

RLT is currently drilling Virginia which has a prospective resource of:

P90 = 32BCF worth $8.9Bn
P50 = 106BCF worth $29.4Bn
P10 = 344BCF worth $95.67Bn



RLT will hit target on their first well at Karoo in early November and commence their 2nd well on 30th October.



In terms of the RLT prospective resource, it's larger than the reserves of all of Qatar, Algeria, Russia and the US. It's also the highest concentration in the world. 3.5% average compared to 0.5% in the US and 0.3% in China.



Their grades are also the highest reported in the world.
https://m-net.dstv.com/show/carte-blanche/news/hello-helium-blog/news

"Much to our surprise, we saw 2% helium concentrations in the gas (and in our most recent well, up to 12% concentrations). Everything changed. At that point, the best helium concentration in the world was in the United States with an average concentration of just 0.35% across the country. We knew we had something special. It turned out to be the richest helium reserve in the world!"

RLT has the potential to become one of the main players in the helium space.