Drosrite contract ... So it's been two weeks since the press release of the $4 million purchase order. 11 months since the LOI.
It is expected that the Facility will be operational in April 2022. PyroGenesis expects to deliver the first system of the Expansion within 6-8 months of receipt of the down payment
Purchase order without a down payment won't buy you a cup of coffee.
So does anyone have an update if the deposits has been received? They had 11 months .
One would expect these guys would put out a press release as they have before.
And is all this part of the contract discussed in the Nov 2020 nr.
Before shipping, PyroGenesis is expected to receive an additional ~$2.6MM from DI (representing total receipt from DI to date of over $10MM under the previously disclosed +$25MM DROSRITE™ contract to deliver five (5) 5,000 TPY DROSRITE™ Systems, plus two (2) 10,000 TPY DROSRITE™ Systems).
oh sorry... all this business is making me flush with excitement...gopyr... 3 billion by next year. woohoo