commodity spot prices = 2021 tailwinds - spot price of iron ore has risen +20% in the timeframe since PYR released the news of its first torch sale end Nov-2020 and will end at a YOY high
- look at the 3Y and 5Y pricing trends in this chart for further context
Iron Ore PRICE Today | Iron Ore Spot Price Chart | Live Price of Iron Ore per Ounce | Markets Insider (businessinsider.com) - also look Aluminum's spot price over the same time periods - also very + and in strong recovery (though not as steady as iron ore)
Aluminium PRICE Today | Aluminium Spot Price Chart | Live Price of Aluminium per Ounce | Markets Insider (businessinsider.com) Zinc? Also trending higher and very similar to Al.
The timing of high spot prices and PYR bringing such beneficial technologies as DROSRITE and plasma to the iron pelletization process is
significant and couldnt be better.
Factor in the undeniable environmental and operational benefits by the injection of these PYR technologies
which occur regardless of spot price - also
significant. We're still largely in speculative territory until a couple more + quarters are released (IMO) - but it's hard for me to imagine a better scenario going into 2021 from an investment perspective. I'm so grateful for this opportunity and am content to watch it unfold as PYR runs their playbook.
Surely Growth and Ethical investment funds have this on their radar and are waiting for a couple more of their predetermined financial factors to be met before committing to a position.
I can't see it playing out otherwise??