RE:RE:Sorrenson implies FAT test is just for funYou are absolutely correct that it has not been confirmed to be Vale as with all "secret agreements" . There is very few companies if any with more than ten pellet plants and stated by PYR . If anyone knows who does have more than 10 please post.
Sept 14th 2021
“In addition, Client B has advised that they would likely be ordering approximately 130 torches upon the successful installation of today’s order. This is particularly interesting given that Client B does not have the largest need amongst iron ore pelletizers.
For example, we estimate that Client A, who has over ten (10) plants, each possibly requiring up to 50 plasma torches, has a significantly higher need A former engineer stated Vale and Rio Tinto.
I have no idea how many companys have over 10 pellet plants If you believe that BHT .. a gas company who also partners with Vale in pellet plants. is going to go electrical except on the Vale co-owned I would question your judgement
Champion doesnt have 10
LKAB appears to be BIO-OiL and EU electrical is thru the roof
Of course all will be known by monday as thats past the deadline. If there is report of a test or a further delay unless the press release in written by the "client A" I personally would give it as much weight as the PFAS contract IMHO
CEOs dont fire sale stocks for .97 a week before a SAT that will validate a ten year sales pitch. Insiders would be buying in the hundreds of thousands of shares if not millions.
Additionally even if not VALE all iron ore l companies face the same realitys of energy costs and VALE has the lowest electrical costs it appears and did not chose plasma unless the press release is forged .
Time will tell but I wouldnt invest the kids college funds even at this price.
Gordinno wrote: ScienceFirst wrote: Sorrenson has been posting that VALE is going the natural gas direction and that is not interested in plasma torches! Lolll
Sorrenson should then explain us why VALE has ordered a torch and took the time to come to Montreal to certify the SAT test and agreed to have the torch sent to VALE's Brazil location so it could do the final certification test; the FAT test.
Can't wait for our clown to reply!
One mistake everyone is making ,presuming it is Vale,It is not,