RE:1 contract - 500 torches not 50 I agree, as I suggested before, it doesn't make sense being the first person in a line, to purchase a small quantity and then have to go to the back of the line and purchase the rest of what you need. The line is only going to get longer. The longer it takes to outfit the plants the more money they lose. It has been stated there is no downtime to replace the fuel burning torches with pyr plasma torches
macallan25 wrote: I 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.