Pyrogenesis Canada Inc T.PYR

And here's one more than two years ago

[tamaracktop]

Good thing he covered his butt, the company's revenues have been reported at $31.3 million in the two years since then.

Torch sales last year totaled $3,396,458, down from $5 558,210 in 2022.

PyroGenesis Confirms Submission of a Cost Estimate for 36 Plasma Torches to Client A, a Multi-Billion-Dollar International Producer of Iron Ore Pellets, for $95-115 Million

MONTREAL, Feb. 01, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a higdh-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs), is please to confirm today that, further to its Q3 2021 financial results press release, as well as its press release dated June 3rd, 2021, it has submitted, as requested by Client A, a cost estimate for 36 plasma torches.

The cost estimate submitted was for USD $75-$95 million (Cdn equivalent: $95-115 million) for 36 plasma torches (3 MW). The range is an estimate due to certain uncertainties which will be more clearly defined in due course.

“We wish to emphasis that this announcement is as a result of a previously announced request for a cost estimate by a client and in no way means, or implies, future revenues will result from this,” said P. Peter Pascali, CEO and Chair of PyroGenesis.

[paul03]

That cost estimate was based on 3MW torches. The initial torch sale to client A was a 1MW hence the price increase per torch.  I guess they preferred bigger. It sucks that it never happened but the estimate makes sense to me if you compare it to the 1.8M they sold the 1MW torch for.  Hopefully one day we can see one of them jump on a similar quote. Until then I watch.