RE:RE:RE:52 Weeks Low $1.08No...No...Bigmoe its not what I proposed! I will take care of VALE and find out whats cooking. ( already started) BUT you find out from PYR whats needed for a real DD about the state of their high power plasma torch. Considering the situation too many on this PB are, there is no alternative but to get these info directly from the horse's mouth. Lets go. If you cannot, say it and I will find another brave. GLTA.
BIGMOE wrote: Based on my understanding that Vale requested 90 days extension is to build civil, electrical and mechanical infrastructure for the furnace. This type of furnace requires up to 50 Torches (1 MW, 2 MW or 3 MW).
Why would you waiste time to install one Torch and setup infrastructure for only one Torch and it does not make sense. You would setup full infrastructure for the whole furnace. It would cost less to do full setup then just for one Torch. I am experience these type of large electrcal project.
Vale already made a decison to reduce GHG, because of the environment, Government Regulation, Bank Loans conditons and Public pressure. All we want green steel or pellet.
Plasma Torch works. In Sweden, they tested the 1 MW Torch and issued the Green Lables. Check Pyro Website. Pryo did the FAT in front of Vale Engineer/Staff. SAT is the same testing as FAT but in the Vale Facilities. I hope they use same testing equipment. Different equipment give results varies and hard to compare. based on my experiences.
Cost will be exponentially lower if Vale install all infrastructure same time and plug/play Torch Installation. In my opinion, the will order the 36 Torches 3MW very soon. Vale seems to be more proactvie then other mining company to transition to new technology. Just look at he Torch order from the beginning.
Alos,, note that it was the Vale and other mining companies came to Pryo for the Torch after the Sweden Report.