RE:RE:RE:RE:RE:RE:RE:Update on tunneling at Petra Nov. 3rd interview. 31:17 mark. The venture with the existing partner did not perceive that the type of plasma torch would work and would not end up of anything of value. Decided to not pursue. There is a "different type of torch" but it is an "idea". This idea could be pursued if someone was interested but there are lower hanging fruit that they believe can bring more value. I paraphrased, and you can correct me if I am wrong. But the overall idea was that they were focussing on areas where they think they would get a bigger bang (value) for their buck and this was not it at this. That's what he said and is quite different than what you said he said. Hopefully we will at least soon hear about the sales contracts he was expecting by mid-November. I know, I am not projecting billions of dollars in revenue over the next 18 to 24 months, and that sucks. But I believe in one of the interviews the way he was talking about things, he was not suggesting that as being realistic either.
developbc wrote:
Go listen to his interviews again..he said what he said.
Regardless in the meantime DROSITE,DROSITE JV, WASTE DESTRUCTION, TORCHES, PYR GREEN GAS , PUREVAP for Si/NSiR/FUMED SILICA , WASTE DESTRUCTION/PFAS etc divisions are incredibly exciting that can really scale up in a major way and I am betting surely in next 6-12 months.
Long and strong PYR!
canyousayiii wrote: He was talking about bringing that agreement to the conclusion, whoever the party was, doesn't matter. He did NOT say that he was looking for other opportunities independently. He actually said that they were not seeking opportunities but if someone knocked on their door with something compelling, they may look into it. Tunnel boring is effectively off the to-do list, as per 3Ps last public comments on the matter. As for iron ore pelletization industry having "no other viable options", that is a little bit rich of a statement especially considering that no player has made an order of any size. There is no technology out there in the world right now that is the only viable option for anything, but we all know that, right?
developbc wrote: Actually it was the past tunneling agreement with an unnamed USA tunneling company which most believe is ArcByt. Peter was referring to that he is looking to bring that to a conclusion AND look at other opportunities in regards to tunneling that they like to pursue on their own. Iron ore pelletization industry really has no other viable options as Pyrogenesis has patents for induration plasma heat source. Don't forget PFAS, Spent POT LINING, Fumed Silica etc etc which are massive markets. I'm definitely confident that these verticals will be highly successful. World is going green and these massive industries need to adopt. Long term Pyrogenesis will imho be sensational. canyousayiii wrote: If you have not seen what Stairway said, I confirm that 3P was VERY clear that they are not putting any effort towards tunnel boring torches. Some pumpers may still have them on the list of all the great markets PYR is going to conquer on its way towards a dynasty, but 3P has no such intentions. And, let's hope that they are focused on a few things because being a master of one or a few is going to be much better than a jack of all trades. Folk keep highlighting how there must be something big coming because they doubled the employee size in the last 18 months and are hiring more. Well, the fact that they have a backlog speaks to a need to actually have people working to earn that revenue, despite subcontracting. And if they weren't hiring, that would be very concerning given all the contracts they spoke of but have not yet signed. Hopefully we see some sales somewhere. The stuff they have are not widgets that can be put together in a few days and full orders fulfilled. Clients know that and if Covid is playing havoc on the supply chains, wouldn't clients want to sign orders sooner rather than later? The things couldn't be better and we are so much better than last year is getting quite old without larger contracts starting to come in. Slow is smooth, smooth is fast....skip slow and smooth and just start getting things done fast.
Louis1000000 wrote: Arcbyt and Petra are one and the same, and have been shown to be the company that have funded Pyrogenesis for the development of plasma torches specifically for tunneling. Arcbyt a California company has advertised for engineering jobs in Montreal.
https://stockhouse.com/companies/bullboard/t.pyr/pyrogenesis-canada-inc?postid=32680185