STTCOMP GGE FA Long
2.7c
40m market capitalisation
Might approach its 52 week high of 6.3c during drilling and/or if successful in the drill. Spud announced today to be mid March.
There could be as much as 25bcf of helium it appears. Global usage is about 6bcf per year of helium with the market expected to grow in value to about US6.5b by 2027.
Potential resource of 25bcf would be enough to supply 10% of global needs for about 40 years. GGE previous drill had water issues but independently deemed a discovery by Sproule. This drill to be supervised by Todd Gentles over from nearby Air Products with 15 years of experience in the area and with helium.
A real differentiator also for the project is that there is a nearby existing Paradox/Lisbon plant which GGE can use in a success case for a quick pathway to monetisation.![]()
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