I'll revise my estimated
number of torches Vale will buy or lease to 650 torches for $1.9 billion dollars... That's for a cash upfront deal.... There are other clients who also want torches.... They want torches for the same reasons... The torches are valued between $2mm and $7mm each....the reduction in GHG emissions over 25 to 35 years is worth more than $3MM dollars, never mind the lower operating cost & quality benefits....the size of the early contracts is just a dent in the backlog.. torch sales for ever... . uncleron is always right !..cheers