RE:RE:RE:RE:RE:Rio Tinto Great post/comment:
Honestly feel that Rio is doing a DEEP test - here - did you see size of those electrical rooms. BIG plasma torches - LONG study on efficiency of process and maintenance and parts required - you don't spend that amount of capital, time, and manpower on testing something like that unless you are considering a MASSIVE investment in the technology - OK - yes, we have likely another 6-9 months to wait to hear if they feel the investment is worthwhile from both a productivity and environmental perspective - vs the cost. This is a MONSTER year then for PYR. If this goes well, then the gains will be SIGNIFICANT in share price. Waiting game now on this iron pellet business line. This is the real test period here - the installation and start-up test is obviously long past - this is for all the marbles here i think......No hiccups or problems mentioned yet - and I doubt they would be promoting the "greening" of the process if there were major doubts - as it would not be great publicity for Rio (despite being a heavy blow to PYR in a bigger way - RIO could say they at least SERIOUSLY explored the option and costs involved)..... I think this is a super promising report albeit another long wait for beaten down shareholders
BCONTVentures wrote: @Namazon Finally some definitive proof that we would have killed for a couple of years ago… these 2 names on the same page. Plus, it’s amazing to see all the work, at clearly some large expense, that has been put into making this “trial” happen. Makes me wonder what kind of company would go to these lengths… to only “try” this technology. ~3 to 6 more months… Meh! 
Gives you an idea the size of how big the equipment (and PYR's torches) are ^^.