RLT 0.00% 83.5¢ renergen limited

Renergen (ASX: RLT) creates vaccine storage solution, page-12

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    Hi @stuckinhouse

    I don't know enough about the science to debate the point with you. What I will say is that RLT has always been the subject of disbelief. Linde didn't believe they had 2% helium in the gas, couldn't be possible. It turned out to be true, they then went on to find up to 12% helium concentrations.

    Your comment 'it should be preserved for critical needs such as MRI machines' is subjective really. Consider an MRI machine conducts tests on 1 person, whereas RLT's Cryo-Vacc can hold vaccines for up to 100 people. If the proof of concept works, the same amount of helium as 1 MRI machine might vaccinate 100 people.

    The upside is it works, they attract a partner and commercialise the technology. It could offer a huge payoff. The downside is the concept fails and they blow $500K in R&D. It's a non issue. It is not their core business.

    - RLT have an LNG business valued at $2+
    - Drilling 2 holes at Virginia now, 3 more to follow
    - Gaseous odors already detected in hole 2
    - Average helium grades of 3% with concentrations up to 12%

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