1 contract - 500 torches not 50I highly doubt the first contract will be for 50 torches. The tech has been proven. Done deal. No massive company like Vale will want to do several contracts. That's like asking a flooring company to quote for the kitchen, then living room, then bedrooms, etc. Waste of time and resources. One deal, 500 torches minimum. Peter probably gets a down-payment of 10% or $150M, then $137.5M per plant or $275M every 2 plants completed. De-risks both PYR and client. Fair, and milestone based. That's my opinion. Maybe we will see this week. Hope I am right. I'm always the optimist rather than pessimist.