RE:What does the news mean for Pyrogenesis?Great points LastZaz (regarding Thursday's news release), thanks for this. This is huge news and like you say, PyroGenesis is the leader in this area.
https://stockhouse.com/news/press-releases/2021/06/03/pyrogenesis-announces-request-for-cost-estimate-from-major-iron-ore-producer The exciting part is that this is just one division/business line within PYR, there is also DROSRITE, 3D Printing (Additive Manufacturing), PUREVAP, and numerous others.
Exciting times!
Long and Strong in PyroGenesis!
LastZaz wrote: Obviously - amazing, amazing news for investors. I'd just like to make a few considerations out loud here:
First - the deal is with Client A. We know this due to today's release reference to a November 2020 press release, of which client A was the subject. As someone else here pointed out; this means the torch works as Client A had already ordered and tested one torch... that is excellent reassurance to all those who carried skepticism. It's also a slap in the face to the shorters and doubters.
Further... the order means that an industry leader* is considering a significant capital (and recurring) investment in this technology. Not only does it signal the desire for a full scale switch to these torchs over time, it signals that this may be the beginning of a real shift in the industrial sector towards industrial, green tech. The potential of this is truly staggering as one can expect other leaders and industries to see this working technology and the impact on GHG emmissions as well as their bottom line (most importantly). As I've said several times in the previous months - disciplined investors trust their due diligence and did not let a sinking share price affect their position... the technology works, it is ultimately needed in this dinosaur industry, and it has massive potential.
Lastly - consider that PYR is the leader in this area now. No one else has this level of proof of concept. Not only does it appear a deal will materialize - it appears that PYR will have a FAR easier time selling these torches to other clients, particularly after one of the leaders in the iron ore industry is adopting this tech.
From a technical perspective, this should buoy the stock price after we hit highs of $12... it is tough to imagine the share price (TSX) dipping below $5 again. The true potential of this company in the long run are staggering, and that fact will become easier and easier to see I think over the next year and a half. I will have a hard time selling shares to take profits, that is for sure.