Whats going on with the Helium One share price?
The Helium One (LSE: HE1) share price has performed fantastically over the past year. The stock has increased in value by nearly 530% over the past 12 months. Year-to-date, the shares are up around 230%. However, despite this performance, the company is still in its early stages of development. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential... Helium One share price outlook  Helium Ones goal is to explore, develop, and ultimately become a high-grade helium producer for the international market. So far, the enterprise has only reached the exploration stage. Its currently drilling at its maiden exploration well at the Rukwa project in Tanzania. Its made some progress here. Management recently reported it has identified the presence of helium in drilling mud from a very shallow depth. Unfortunately, the concentration of gas found wasnt enough to be commercially viable. However, according to a press release issued on 21 June, theres still 1,000m left to drill before real analysis can start. Theres been some speculation the company is sitting on one of the worlds most extensive helium resources. This seems to be the reason behind the Helium One share price performance over the past 12 months. Initial indications are positive, but theres still a considerable amount of work to do, and the company is only at the exploration stage. Even if it finds commercially viable amounts of the resource, it will still face a long battle to get the project up and running and producing cash flow. As a result, it could be years before the company sees any return on its exploration investment. Investors rush to buy  At the time of writing, the Helium One share price has a market capitalisation of 164m. This could be high if the business isnt sitting on a world-beating helium resource. But, on the other hand, it could undervalue the enterprise if it is sitting on a world-beating helium resource. At this stage, its too early to tell. The Helium One share price is an entirely speculative investment today. However, I cant deny the business has potential. Looking at the companys own projections, it seems to me that if the enterprise is can become one of the worlds largest helium producers, the Helium One share price is incredibly undervalued. It would appear that the market agrees. As such, I believe the value of Helium One could continue to increase as and when positive updates emerge. If the company announces additional positive drilling updates over the next few months, I think the stock could continue to increase in value. Still, if the company doesnt live up to expectations, the value of the stock could fall as the market reevaluates its potential. Therefore, considering the speculative nature of the Helium One share price, I wouldnt buy the stock today. Id much rather wait and see how the companys drilling results develop over the next few months and years. This will allow me to better understand how the business will evolve as we advance, although it may mean I miss out on some profits along the way.