RE:RE:@ecocanoe In this article titanium powder $500/kg.I don't post often and had become quite bearish on PYR due to them continually missing targets and timelines and hype but hung in there with my position through their deteriorating financial picture and poor financial performance. I maintained hope that one of their business lines would hit. I'm happy I did hang in because I believe today's powder sale will be the game changer moving forward.
Assuming $500 USD/kg this order would be $3MM and my gut tells me the margins will be 50% or maybe even better. Most importantly is this revenue and cash flow stream, assuming the product quality is there, should be continuous, sustainable and growing as more clients come to the table. The powder business should provide PYR with the financial stability and profitability that's been sorely lacking with the uneven performance of their capital equipment business lines. Torches and everything else becomes gravy if and as it develops.
Going to hang in there for the longer term more easily now. GLTA