RE:RE:RE:500 Torch Contract Signed1/ You're just speculating that they choose, all at once, to switch at all their torches in all their pellet systems. No evidence of that. Maybe, but unlikely. More likely they do one plant at at time. But either way, don't pump it til it happens.
2/ you're confusing FAT (factory acceptance testing) with SAT (site acceptance testing). In PYR's past, they have first done FAT in Montreal, then SAT on site at the client's once shipped.
For reference, when PYR won the contract for the first pelletization torch to RISE in Sweden, the announcement that they had completed Factory Acceptance Testing was September 18, 2019: “the FAT was held at Pyrogenesis’ manufacturing facility where the client evaluated the equipment… in accordance with design specifications. After successful testing, the torch was shipped to Sweden, and is expected to arrive today, September 18th.”
And then “Pyrogenesis team has arrived at the client’s facility to perform Site Acceptance Testing (“SAT”), as well as oversee the installation of the torch.”
The FAT was on-site in Montreal at PYR, and then PYR went to Sweden installed it and tested it during the SAT.
Source:
https://www.pyrogenesis.com/wp-content/uploads/2019/09/PyroGenesis-Successfully-Completes-900-kW-Plasma-Torch-Factory-Acceptance-Testing....pdf BIGMOE wrote: Potential contract worth wtih Vale is $3.5 billion for 500 torch over 20 years (NPV 7 million/torch),
Miners ususally sign long term contract to install the torch and reduce GHG because of tax/grant benefits.
Why would a CEO like Peter want to attned the FAT testing? They must be signing contracts and path forward with Vale. This is just one miners.