Pulsar Helium's 10% Concentration Crushes Industry Economics
Pro subscribers received this analysis 5 days before public release. Subscribe for $29/month for instant access to every deep dive, live position updates, and the full research archive.
Primary helium at 30x industry concentration makes traditional cost models irrelevant.
THE CATALYST
Pulsar's Topaz project delivers 10% helium concentrations versus industry standard 0.3%. Yield: 30 tons helium per 1,000 tons raw gas compared to industry's 3 tons. Processing economics flip from marginal to dominant within 6-12 months.
THE MISUNDERSTANDING
Markets price PLSR like traditional helium plays tied to natural gas economics. Primary helium deposits eliminate natural gas volatility and slash processing capital requirements. The 33x concentration advantage isn't reflected in valuations because investors apply outdated cost frameworks.
THE STRATEGY
Position before scaling milestones demonstrate economic production levels. Watch for processing capacity announcements and yield consistency data. Thesis breaks if extraction fails at scale or global helium demand contracts.
DELBERT'S TAKE
When your helium is 33 times more concentrated, you're not competing on cost—you're rewriting the rules.