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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery, waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Comment by LastZazon Apr 13, 2021 4:23pm
342 Views
Post# 32987132

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price

The Loderock Research report is the best valuation of PYR I have seen thus far as it was done correctly and the best "measuring stick" I have thus far. I recommend checking it out to see what an actual valuation looks like. Given their report, they valued the share price today at $15/share which I believe is about a $2.4 billion valuation using outstanding shares of approx 160,000,000. This is roughly double what PYR is valued at right now. 

The problem with any valuation is they require assumptions; many of which can be justified or reasoned with some research but not always correct. Any proper valuation or DCF valuation recognizes and communicates those assumptions in their report so the users understand the sensitivity of the analysis - which Loderock did. Ultimately, like any valuation that uses assumptions, there are always unforeseen or unaccounted (or incorrectly accounted) for factors that may positively or negatively impact the company's operations or share price that the valuation could miss. And given PYR's unique offerings, it makes it even more difficult to individually value it since we don't have peers to compare our valuation to. 

Ultimately, the valuation doesn't matter because many investors are at the whim of other investor's perceptions. For example, I'd say Tesla is overvalued, and many analysts have their head up their a** on their valuations of Tesla (especially as other car manufacturers produce their own electric cars and take back market share), but people will still pay a ridiculous share price for Tesla and grant Tesla an insane valuation. Is that justified? Not really. But there is always a greater fool.

In the case of PYR, I think it has a real chance to be a dominant green-tech industrial tech provider in the future and I think this is just the beginning of the commercialization process as PYR gets its foot in the door of these multi billion dollar entities that explicitly demand and have requirements to reduce their GHG emissions. Think about it... many of them have goals to reduce GHG by 2025... 2030... this is a process. And now renewable natural gas which is also growing in demand... It will be different for Drosrite and 3-D powders, which I think will move faster, but ultimately I see significant growth in all of these areas and I see a significant future for this tech in a world that will increasingly demand green industrial tech. It's a unique investment aimed at this growing sector and that's why I see growth and that's why I think it's cheap. This is just the beginning... 

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