RE:RE:RE:RE:RE:RE:RE:PYR perspective What compounds everything given the covid-19 and the imminent crack down on pollution is that China is set to drop a huge stimulus package consisting of a large amount of infrastructure development this means a huge demand for steel. China, prior to covid had already started shifting towards cleaner steel production by less ore refining in China by using pellets and by using higher grade ore. The price of iron ore is continually strengthing. Vale closed 3 mines recently due to covid which will drive iron ore prices even higher. This will all be a huge bonus for the first company to provide a clean pellet. The sooner they can roll this torch deal out the sooner the sooner they mark their place in history as a pioneer in the environmentally friendly iron ore production industry.
GeeJay20 wrote: EXACTLY, MakeitRain1
and also, yes, not too high expectations or even underestimation together with overdelivery is much healthier than the other way round!
Gee
MakeItRain1 wrote: I believe the pellet company is moving fast as possible as this burner to torch upgrade will be huge for them . Imagine in a time when the world's focus on pollution has finally come front and center, they can market an environmentally friendly product in one of the heaviest polluting industries. They will be first to do so which is huge !!! Their business will increase (all while saving money and possibly increasing production) and all the other pellet producers are left playing catch-up !!! This I believe is why the pellet company wants this done ASAP and all the other pellet company's are knocking at pyr's door.