PyroGenesis Inc T.PYR

RE:Interesting and Informative Summary

[sorrenson]

To believe vale ordered 36 3 Meg torches even prior to testing 1 is ridiculous . Any materials we have makes these plasmas incredibly more expensive to install and operate then natural gas biodiesel or even hydrogen,

there is little to no chance that it is Boeing they are OEM not Tier 1 and this company carefully words the press releases . If it was OEM they would say it . this is no different than three engine i manufacturers including Rolls Royce that went elsewhere  in 2017

even if they were to pass the test there's zero to indicate they're gonna get large or any orders it has been what 18 months to over five years listening to the same story. Remember 2017 they put the second shift on to handle all the commercial orders his,

There's being optimistic and then there's being unrealistic. It's two weeks to the SAT, and four weeks to the Q3 reports and the  CEO continues to dump massive amounts of shares at pathetically low prices. That alone should tell you everything you need to know.

all you're pumping and all your stories cannot counter the fact the CEO is dumping . He cancelled two months ago because he couldn't sell for two and now he's taking $1.40. 

All you can do is sit and wait but "obviously the SAT is gonna happen"  as the CEO's threatening to sue people who asked  about timelines or any reason to believe it won't be occurring on time. 

BCONTVentures wrote: Here's an interesting and informative summary taken from another forum:

Until we have some news of the completion of the plasma torch Site Acceptance Testing (SAT) at Vale's, we can try to speculate on the timeline of a future order.

Let's go back in time a little bit.

June 03 2021: request for a cost estimate for 36 plasma torches from a major iron ore producer (Client A, Vale)

September 14 2021: $6M order to supply 4 plasma torches to Client B (Rio Tinto/IOC)

November 02 2021: Delivery of 1850kg of copper rods at Pyro's factory. Copper rods are used to build main parts of plasma torches. A plasma torch can weight more than 75kg and with a rough estimate of 40kg of copper per torch and a 10% lost of material during the manufacturing, it would be enough to produce around 40 plasma torches (1+36 for Vale and 4 for Rio Tinto)

February 01 2022: submission of a cost estimate for 36 plasma torches - USD $75-95M to Client A (Vale)

February 08 2022: successful completion of the torch factory acceptance test (FAT) with Client A (Vale)

End of october 2022 : estimated date for the completion of the torch SAT at Vale's (end of July + 90 days).

From my point of view, I think the total of 40 torches for Vale and Rio Tinto have been manufactured during the last months. I may be wrong, but I don't see other uses for the 1850kg of copper rods received in November 2021.

The extension of 90 days for the SAT at Vale's probably have been needed to build some electrical infrastructures to power the 36 torches. So, if that happens to be true, I think a next order could be possible by the end of 2022 or the beginning of 2023 depending if additional tests are required.

It also seems that some electrical updates are being done in Labrador City at IOC (Rio Tinto). The 4 plasma torches should be delivered by the end of 2022, or during Q1 2023. Then, Muskrat falls power will be needed eventually to power the potential 130 torches, and this will probably be available later in 2023 or 2024, so for this one, more patience will be needed.

That being said, I think we are close to finally hear of some significant torches orders.

And also, let's not forget the titanium powder certification by Boeing that could occur by the end of 2022 and that will certainly come with something like a 10 years supply agreement. And that certification, which is one of the most difficult ones to get, will open doors to all other clients with lower quality requirements.

Long and Strong in PyroGenesis!