developbc wrote: This answer by Peter is
very significant and sadly got lost yesterday in the midst of all the chatter of the big scandal of the uncovering of the very real possibility/ probability of illegal stock manipulation and Q1 2020 Financials & Q2 guidance. We are weeks away from Client A reveal...most likely giant Vale as proposed in earlier posts.
Here is great answer in this regard to put bashers on silence mode again as they tried to spin this in negative way....this bodes very well for PYR and builds the case for CLIENT A!!!!
Hello Pete,
Quick question..just read up on some news regarding Vale partnering up with Kobe Steel/Midrex for lowering C02 GHG in the steel making process sounds really big...any concerns for PYR?
https://www.kitco.com/news/2020-07-13/Kobe-Steel-Vale-and-Mitsui-to-work-on-low-CO2-ironmaking.html
https://www.midrex.com/press-release/kobe-steel-vale-and-mitsui-co-to-collaborate-in-low-co2-ironmaking-solutions/
https://www.vale.com/indonesia/EN/aboutvale/news/Pages/vale-informs-on-non-binding-heads-of-agreement-with-kobe-steel-and-mitsui-co.aspx
Thanks for all your incredible work for all the shareholders!
007
Dear 007,
Thanks for posting here again.
I assume what you are asking is should the Kobe Steel/Vale/Mitsui venture to work on low CO2 ironmaking have any success would that effect PyroGenesis’ offering to provide torches to iron ore pelletization.
There is absolutely nothing to be concerned about. The Kobe Steel/Vale/Mitsui venture is downstream from us. They are trying to improve/replace the blast furnace process to make steel from the pellets we provide. You see, we concentrate the iron ore at the source and the resultant pellets are then feed into the blast furnace downstream.
This is all good and underscores the intense pressure the industry is under to address GHG emissions, and the amount of money being dedicated to address this concern. Our patented simple bolt-on-replacement is having a tremendous impact on the GHG reduction strategy of many many such companies.
Hope this helps
Peter