IT's going to take them a VERY long time.. 35 weeks. so just chil. it's not going up or down .. i perdict it will trade sideways until phase 2 is done. 

But from the MD&A below this part looks good.


Process development program Phase 2: Phase 2 main objective is validating the commercial scalability of the PUREVAPTM NSiR. Using data collected during GEN1 NSiR testing phase a completely new GEN2 NSiR system will be designed and built. 35 weeks will be needed to complete the process engineering, mechanical engineering, fabrication and system commissioning and HPQ NANO will pay $210,000 to PyroGenesis for this phase. The GEN2 NSiR will be a semi-continuous process system with a design production capacity of 300 kg/month (or about 3,5 MT/year) of nano silicon powders or nanowires, giving HPQ NANO a large enough production capacity to be able to start selling nano silicon materials. In addition to producing nano Silicon material, a series of GEN2 NSiR tests will be done to define the important process parameters and operating parameters required to allow the process and the systems to be scaled up to a commercial production capacity of about 2,500 MT of Nano-Silicon powders per year