PyroGenesis Inc T.PYR

Loderock Research Iron Ore Torch Opportunity

[ScienceFirst]

Fun has just begun!


Loderock Research Iron Ore Torch Opportunity

2) Iron Ore Pelletization

• Estimates total addressable market of PyroGenesis torches in the iron ore pelletization industry to be in the range of 10,000 torches, with market share assumption of 20% to 30% in the near-to-medium term (~2,000 torches to 3,000 torches)

  • Estimates NPV of torch of US$3 million and gross margin in the 65%+ range (net margin of 30% to 35%)

And a more global picture:

SUMMARY of LodeRock Research PyroGenesis Canada Inc: A true environment pure play : HPQSiliconInvestors (reddit.com)

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• Sees patented solutions as strong potential market leaders in:

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1. Dross recovery and waste measures reaping improvements of +20% for addressable market of US$2 billion;

• 2) Reducing iron ore pelletization GHG emissions by +35% for addressable market of US$13 billion;

• 3) 3D printing high purity and dense titanium powder for addressable market of US$2.5 billion within 10 years (titanium only); and

• 4) Municipal waste management solutions for addressable market of US+$1 trillion

• Views DROSRITE and NexGen as market leading, with first mover advantage and the potential to be “number one” market share solutions

• Concludes that industrial companies are incentivized to lower carbon footprint and PyroGenesis has multiple solutions that can address environmental challenges in an economically attractive manner

• Believes the company has focused its capital on solutions with most optimal near term and positive ROI impacts on customers, while being more selective in verticals with significant regulatory and economic hurdles (e.g. waste management)

[ScienceFirst]

Hard to find a stock with such steady growth (CAGR = Compound Annual Growth Rate)! From the Loderock research report, these are the 10y CAGR for PYR (and assuming only titanium powder in regards to 3D-printing):  Estimates 10-year revenue compound annual growth rate (CAGR) of 48% Estimates 10-year gross margin CAGR of 50% Estimates 10-year EPS CAGR of 60% So