PyroGenesis Inc T.PYR

RE:RE:KEY POINTS WHY IRON ORE PELLET MODELING CONTRACT WILL GO FWD

[claudemc]

Thank you! Once again, this is all you need to know. I predict Client D is just around the corner. Afterall it is Thursday.

stay safe!

developbc wrote:

Just realized this post was prior to update of Client B and C so posting updated facts :

PyroGenesis Provides Update on its Iron Ore Pelletization Torch Business

MONTREAL, July 02, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to provide today, further to  recent  press releases, an update on its iron ore pelletization torch business.  

Client A
On April 30th, 2020, the Company announced the successful completion of the first phase of a torch modeling contract with Client A which successfully demonstrated that replacing fossil fuel burners with PyroGenesis’ proprietary plasma torch (i) had absolutely no ancillary detrimental effects anywhere in the process or with their furnaces, (ii) resulted in significant greenhouse gas reduction while at the same time, (iii) projecting significant additional benefits. The subsequent phases were to be completed by June 30th, 2020 and were geared to further quantify the benefits of transitioning to plasma torches. These phases have been extended for up to six weeks with this additional data being incorporated into an ideal plasma torch configuration for this client. 

Equipment purchase discussions are expected to be completed by the end of August, and incorporate the ideal plasma torch configuration identified during the modelling process, with the ultimate goal being to eliminate GHG emissions from all their plants.

Client B
On June 11th, 2020 the Company announced that it had signed a second multi-phase torch modelling contract with Client B, aimed at evaluating the performance of PyroGenesis’ proprietary torches in an existing iron ore industrial furnace with the goal of replacing existing fossil fuel burners with PyroGenesis’ plasma torches.  The first phase, as expected, is to be completed by mid-August.

During the first phase, which is progressing as expected, Client B has already entered into active equipment purchase discussions with PyroGenesis.

New Development – Client C
A new potential client (“Client C”), who is not only a significant player in the iron ore pelletization industry but is also a major player in the steel industry, has entered into active equipment purchase discussions with the Company. There seems to be a high probability that Client C may bypass the modelling phase altogether, however it is PyroGenesis’ preference to incorporate a modeling phase if at all practical. 

 

developbc wrote: Since some fellow posters ask I repost certain things to bring relevance to the forum.  Shorters will hate this so feel free to bump up as they will swamp 1 sentence dribble to push down anything good or positive about PYR.

Here are some facts and strong high probability opinion on why this massive(and other massive) contracts WILL ABSOLUTELY GET DONE and some INSIDE buying probability! 
 

 

REPOST:

Hey guys just wanted to go over few key points regarding this modelling contract and why I believe it will go forward but with a conservative finalization timeline and how some are not fully understanding the gravity of things. 

This magnitute of the contract is absolutely massive and game changing for PYR but let's be careful not to ahead of ourselves and assume the contract is already signed or about to be in the next few days.  For obvious reasons, I want this done ASAP more than anyone but I like to give a generous conservative timeline to temper my expectations AND to others. 
For example, in my profession I know full well even  at the lawyer level stage-  it can take months of going back and forth.  BUT in the meantime, things can rapidly develop to solidfy this contract such as the all important torch order however big or small with the end goal of eventually swaping out all torches for this client in the excess of 500 torches @$3M each...$1.5Billion. Instead of every day asking are we there yet...tomorrow right etc...let's keep it real NOT to lose focus that PYR will eventually execute well BUT they will do it right!

Other recent very important company milestones like the validation of PYR's NexGen 3D powders by a major aerospace company..Why did the mkt react as if this was no big deal!? Those who have done DD in this space will understand that it is HUGE! Any other 3D powder producer that can achieve that level of accreditation  their sp would surely shoot upwards over night...something to ponder. 

Having said what I just said...rest assured, I am going to point out some facts and strong high probability opinion on why this massive(and other massive) contracts WILL ABSOLUTELY GET DONE! 

Gleaning and highlighting some recent facts:

• The Client is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, 
• The Client has over 10 plants each requiring approx. 50 plasma torches. Each torch will generate up to $3M of revenue to PyroGenesis.
• “This is indeed a very significant development as the Client has accepted the successful completion of the first phase (“First Phase”) in the modeling contract as a basis to move forward for equipment supply,”
• This is just one of many discussions taking place with other producers in this, and other industries - significantwave of interest and proposals.
•  things seem to be moving in the right direction, and at a very rapid pace.
• Since our success with RISE, we have seen a significant increase in interest in using our proprietary torches to reduce greenhouse gases. We continue to find that the proposition to reduce greenhouse gases emissions, and avoid carbon taxes, with a simple bolt-on replacement of current environmentally damaging fossil fuel burners, is too compelling to resist. 
• Pelletization is the process in which iron ore is concentrated before shipment, thus significantly reducing the cost of transportation.
• TRIFECTA: (i) has absolutely no ancillary detrimental effects anywhere in the process or with the furnaces, (ii) results in significant greenhouse gas reduction while at the same time, (iii) projecting significant cost savings.

Here are just a couple of my strong opinions what is happening lately:

• FINALLY, the mkt is starting the get it. PYR  almost sounded too good to be true but the mkt is finally starting to understand PYR and realize the incredible potential of what this company can become
• Funds and instituional money are definitely starting to place PYR on the radar. How many...not sure but you know its not retail doing bulk of the buying AND we know more institutional $ will pour in significantly as sp rises. 
• I think it is STRONG  possibility that there is buying on the other side -parties related to the actual torch client.  The client obviously knows and understand the highest of probabilities that the cllient not only want PYR plasma torches...they NEED PYR torches. Examples of those involved that could be in the know: client's lawyer, accountant, board members, engineers etc...

Keep in mind this is just 1 industry client amongst many and many industries amongst this 1 division of PYR amongst many under PYR. For newbies:

• 3D Additive Powder(world class w competitive edge) - Now validated by world class premier Aerospace company

• DROSITE (clearly demonstrated to beat out other big players in the industry),

• USA MILITARY PAWDS(the highest of highest standards to get accredited),

• Waste Destruction(countless applications),

• TUNNEL/BORING(Exclusive contract), 

• PUREVAP(1 step to solar grade silicon and now silicon nano powders and wafers for EV batteries),

• IRON ORE TORCHES. Replacing diesel fossil fuels in iron ore pelletization, metallurgical, steel another industries(massive potential and various other possible applications) etc...

So this is why I fully believe this company can morph into somehing unimaginable!!!

"TIP OF THE ICEBERG" PYR CEO PP