RE:Valesjc444 wrote: The Board of Directors of Vale has just approved the expansion of the Serra Sul mine. The price tag on this expansion has been put at 1.5 Billion dollars. I assume that number rings a bell with everyone as that is the amount of a bond the company just closed.
Yes many just saw strong correlation that bond posturing with PyroGenesis torches but we still don't know conclusively.
Just like I posted on August 8 update...we do know regardless $2B is earmarked for GHG emissions reduction....but we just don't know the exact correlation to PyroGenesis torches...yet.
important note: I am sure currently that the $2B earmarked by Vale was not just for the torches alone so therefore the allocation figure I derived is overestimated but it still builds a very strong case for Vale and PYR
But still onnecting the dots....VALE is the highest probability that it is CLIENT A..which would be monsterous and huge!!! Here is my correction on July 13,2020 but please note this is not updated as it would be impossible to determine what is actually earmarked by Vale for torches alone to eliminate GHG....however this is still a very good basis why Vale is CLIENT A: Hey guys updating w important calculation corrections and few other added points which is going to be build even STRONGER CASE! While reading post by MazerRR (one of the best DD posters on this forum) I re-read Vale's Climate Chage initiative he posted: https://www.vale.com/esg/en/Pages/ClimateChange.aspx and I realized few things but most importantly calculations of the reduction of GHG estimates: The calculation corrections were mainly due to reading it as reduction of 9.5M tons of GHG when it should be reduction to 9.5M tons which is a far smaller number of 4.65M tons which increases the allocation figure very signficantly from $210.53USD/ton to $430USD/ton...which bodes even better for Pyrogenesis as we speculate it who Client A is(the strongest indication it is indeed Vale but regardless who it is...it is massive for PYR!)
1. VALE Iron Ore Producer / Salient Points:
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$57Billion USD market cap .
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Biggest iron ore pelletization international producer in the world
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International producer with 19 plants[11 plants in Brazil (4 are currently suspended), 25% stake in 2 pellet plants in China, 2 plants in Oman, 4 plants through JV with BHP Biliton]
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$2Billion USD earmarked/budgeted specifically to lower Vale's GHG emissions by 33 % in less than 9 years(2030)
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Reduction target to 9.5Millions not of 9.5Million tons which is actually 4.65 Million tons of GHG emissions by 2030 (33% of 2017 levels 14.1Mt CO2 = 4.65 Mt CO2)
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$2B/4.65Mt CO2= $210.53USD $430 USD price per ton of annual CO2 reduction [ SIDE NOTE: 10 years until the deadline of 2030, equates to ~$43 USD/ton (if you don’t include 2020), which is close to the $50 USD/ton Vale has adopted as an internal (Shadow) carbon price for economic feasibility studies for projects; their Shadow carbon price also happens to be within the range of the estimated carbon credit price by 2030 within the EU emissions trading system (37$ USD to 68$ USD].