What Beacon is now looking for in the news flow is a forward movement on Avanti's plans to finance the pipeline for the Sweetgrass site as well as an independent offtake agreement—both of which Beacon expects to hear about in the coming months. Beacon referred to Avanti's (TSXV: AVN; OTC: ARGYF) midstream agreement with IACX as "a major de-risking step in AVN's path to production of liquified helium that should receive a price of US$750/mcf or more". Beacon's forecast is that AVN is trading at an EV/EBIDTA multiple of 2.4x for next year, and only 0.9x for 2025. "With a compelling macro backdrop in the critical helium sector, we believe that multiple should be much higher". Beacon Securities maintains its $2.25 price target for AVN. A Critical Junction for American Helium Prior to 2016, helium supplies were not a concern. The U.S. was stockpiling helium as a matter of national interest beginning in the 1960s, at the height of the Cold War.