Has helium heaven been found in East Africa? With gas selling at $450 per thousand cubic feet, junior player hopes so

Australia-listed junior Noble Helium believes it has discovered a significant resource of helium — a gas worth about US$450 per thousand cubic feet — in Tanzania with its Mbelele-2 probe in the Rukwa rift basin.

However, despite this claim, the company’s share price was down 11% at A$0.17 (US$0.11) the close of trading on Tuesday on the Australian Stock Exchange.