What the Fed wants and what the Fed gets are two different things. Highly unlikely we get a soft landing. And stagflation is only indirectly related to employment, it means we have a recession AND inflation at the same time.
We are just going through the economic cycles. On a good note I’ll be buying 5% CD,s….
Columbia house?We are just going through the economic cycles. On a good note I’ll be buying 5% CD,s….
I was thinking Tower
Don't forget ADM or Heinz for some of that sweet Ore Ida action.
Never de-pegged like this though. It is a scary prospect for sure. Both are
I bonds. 8-10 % nowWe are just going through the economic cycles. On a good note I’ll be buying 5% CD,s….
| Flow Rate MCFGPD | Helium % | Daily Recovery | Annual MCF | Sale Price Per MCF | Annual Rev Year 1 | |
| Well #2 | 1,251 | 4.0904% | 51.17 | 18,677 | $1,200 | $22,412,856 |
| Well #4 | 1,587 | 1.1370% | 18.04 | 6,586 | $1,200 | $7,903,355 |
| Well #5 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| Well #6 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| Well #7 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| 7,599 | 3.1521% | 236.37 | 86,276 | $103,531,726 | ||
| Flow Rate MCFGPD | Helium % | Daily Recovery | Annual MCF | Sale Price Per MCF | Annual Rev Year 1 | |
| Well #2 | 1,251 | 4.0904% | 51.17 | 18,677 | $2,000 | $37,354,760 |
| Well #4 | 1,587 | 1.1370% | 18.04 | 6,586 | $2,000 | $13,172,259 |
| Well #5 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| Well #6 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| Well #7 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| 7,599 | 3.1521% | 236.37 | 86,276 | $172,552,877 |
I doubled down in the 1.40 range@Cryptical Envelopment @YUMU @Bird4um @Tdvv @AutoCANE , i'm sure i forgot someone.
I hope you're still hanging in there with me boys. The three offset wells 5/6/7 just came back @ an average of 3.511%. Massive news and well over triples the output of well 4 significantly increasing processing plant #1's projected revenue.
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Desert Mountain Energy Corp. (DME) is pleased to announce that Helium concentrations in Offset Wells #5, #6 & #7 were higher than originally found in Discovery Well #4. The average Helium percentage makeup using combined starting flow rates from the offsets was 3.511%. CO2 averaged 0.0201% with the balance of the gas being Nitrogen. These zones were perforated to be combined with Well #4 to create the most balanced level and mixtures of gas to initiate production from the McCauley Helium Processing Facility. "We are thrilled that these wells increase the Helium average significantly above Discovery Well #4's results," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "This will make the wells much more profitable."
The average Helium spot tests on the offsets were more than almost three times those of Well #4. A pay zone with over 4% Helium in Well #5 located in the Rohlfing Helium Field will also be processed in the same processing facility. These overall levels of increased Helium combined with below minimal levels for CO2 are confirmation of our geologic modelling.
DME is building the first solar-powered Helium processing facility using Hydrogen as a backup power source in North America. The Company's goal is to produce as near to zero carbon footprint, from our operations as possible.
Here's an adjusted projection with 2 diff MCF prices. (Remember this is after the 3 month optimization/pressure leveling phase, during that phase pressures and grades will be lower). They did not specify flow pressures in this news release but we'll get that soon. I'm using well 4 as the baseline since we have that pressure and 4/5/6 were offsets of that well. Currently everything is still on schedule to turn the plant on next month.
2022-05-05 | DESERT MOUNTAIN ENERGY BEGINS FABRICATION WORK ON THE McCAULEY HELIUM PROCESSING FACILITY | TSXV:DME | Press Release
(2022-05-05 | TSXV:DME) DESERT MOUNTAIN ENERGY BEGINS FABRICATION WORK ON THE McCAULEY HELIUM PROCESSING FACILITYstockhouse.com
Flow Rate MCFGPD Helium % Daily Recovery Annual MCF Sale Price Per MCF Annual Rev Year 1 Well #2 1,251 4.0904% 51.17 18,677 $1,200 $22,412,856 Well #4 1,587 1.1370% 18.04 6,586 $1,200 $7,903,355 Well #5 1,587 3.5110% 55.72 20,338 $1,200 $24,405,172 Well #6 1,587 3.5110% 55.72 20,338 $1,200 $24,405,172 Well #7 1,587 3.5110% 55.72 20,338 $1,200 $24,405,172 7,599 3.1521% 236.37 86,276 $103,531,726 Flow Rate MCFGPD Helium % Daily Recovery Annual MCF Sale Price Per MCF Annual Rev Year 1 Well #2 1,251 4.0904% 51.17 18,677 $2,000 $37,354,760 Well #4 1,587 1.1370% 18.04 6,586 $2,000 $13,172,259 Well #5 1,587 3.5110% 55.72 20,338 $2,000 $40,675,286 Well #6 1,587 3.5110% 55.72 20,338 $2,000 $40,675,286 Well #7 1,587 3.5110% 55.72 20,338 $2,000 $40,675,286 7,599 3.1521% 236.37 86,276 $172,552,877
No doubt, this is a brutal example of what can happen. I think the undelegation period was intended to prevent this exact death spiral scenario from taking place, but people were apparently over-leveraged...
The difference is that Terra is a stablecoin based on an algorithm that pegs it to a dollar but is backed and collateralized by LUNA tokens. All other algorithm stable coins have followed a similar path Luna has down to 0 and we dont hear about them anymore. The other top stablecoins are pegged to the dollar and backed by dollar reserves. USDT is the scariest because it is unknown if they have the money for their market cap. DAI, USDC and BUSD all post balance sheets showing the money to back the coins. Having said all this, hoping Do Kwon finds a solution because .95 cents was a price too appealing to pass up for a bag of LUNA token. The ecosystem is still very large and sophisticated.
