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Royal Helium is Counting Down The Steps To Commercial Helium Production at Saskatchewan Discovery
Helium is a high tech gas, with many uses in multiple high tech applications: MRI Magnets, Fibre Optic Cables for High Speed Internet, Airbags, Hard Drives, Chips in our Electronics, Cleaning Rocket Fuel Tanks.
Demand from these and many more are causing supply issues making it a high-priced commodity with forcing upward pressure on prices.
The list is varied and demand is inelastic. They don't function without Helium and world is in short supply.
This is where Royal Helium comes into play as they are one of the largest land holders searching for Helium with over 1 million acres of prospective Helium Land & have recently made one of the Biggest Helium discoveries in Saskatchewan history. Currently estimates are between 2.5 to 6 billion cubic feet of gas and they are not close to understanding the true scope of the project's size.
What they do know is that they believe they can produce from it and are taking the necessary to target commercial production. Plans for First Production in are 2022 and the economics are compelling:
Each well has low costs CapEx costs $1.5mm per and low Operating Expenses
Quick Payback ~6 months generating 3 to 5 million per annum estimated
Shallow Well Decline over 11 years – not a rapid loss of gas
Lastly, Royal Helium is Eight Capital Top Pick of 2022 “ We see Helium as a key play for 2022”… should be a catalyst rich year for RHC, including plans for first production……Which we see as a catalyst for a major re-rerating event.”
Sit back and enjoy this SmallCap discovery as Andrew Davidson, CEO & Chairman of Royal Helium ( RHC: TSXV ) explains how Royal is putting Saskatchewan on the map with their find and the steps they are taking to reach production, and eventually reward shareholders with revenue for many years to come.
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