Independent Investment Research – Blue Star Helium Ltd (ASX: BNL | OTCQB: BSNLF)

Blue Star Helium Ltd (ASX: BNL | OTCQB: BSNLF) is a helium exploration company, headquartered in Australia, with operations in the USA. Its strategy is to find and develop new supplies of low cost, high-grade helium in the USA. Its land holdings surround the Model Dome field which produced helium at an average 8% concentration in the early 1900’s. Helium is used to super cool Magnetic Resonance (MRI) scanners, in semi-conductor manufacture, purging tanks on space launch vehicles, and other specialty gas applications. Capital barriers to entering the industry will be low if Blue Star can drill up sufficient high grade helium. This report uses US oil and gas industry practice which uses M=thousand and MM= million for both volume and financial numbers.

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