PyroGenesis Inc T.PYR

Vale's next 36 torches contract = 252MM$

[ScienceFirst]

So the Vale (Client A) next order (36 torches) should come before the Rio Tinto (Client B) next order, as Vale is more advanced in its testing and has already requested a cost estimate for 36 torches on June 3rd.

So Vale's 36 torches contract @7MM$ NPV per torches = 252MM$

And we know that 36 torches for Vale is only one furnace.  They have 10 plants.  Many furnaces per plant!

• 2020-11-24 PyroGenesis Signs Initial Plasma Torch Contract with Major Iron Ore Producer

... PYR announce today that it has signed an initial plasma torch contract (the “Contract”) to provide one high powered (approx. 1MW) plasma torch with ancillary equipment (the “Torch”), with Client A (the “Client”), a major iron ore producer

• 2021-06-03 PyroGenesis Announces Request for Cost Estimate from Major Iron Ore Producer for Thirty-Six (36) Plasma Torches; Validation Continues

... PYR is pleased to announce today that further to its press release dated November 24th, 2020, it has received a request for a cost estimate for thirtysix (36) plasma torches from a major iron ore producer (the “Client”).

• 2021-09-14 PyroGenesis Announces $6 Million Torch Order with Major Iron Ore Pelletizer

Client expects next orders to be for 130 torches
PyroGenesis Increases its NPV estimate per torch to $7MM

... PYR  has received an order to supply four (4) high powered plasma torches together with ancillary equipment to a client (“Client B”), for approximately $6MM.

[poyolo]

As i wrote in a previous message, client A torch must be up and running assuming a timing like the one sent and tested in Sweden (13 months from award of contract to finish thd rests). That contract must be being discussed.

[ScienceFirst]

Vale's 36 torches contract has to be around the corner.

[lscfa]

$7 mil NPV is revenue. 40% gross margin and 30% income tax => $2 mil NPV. 

[lscfa]

    Revenue/torch PV @ 10% Yearly overhead PV @ 10% 0 1.5 1.50 20 20.00 1 0.6 0.55 20 18.18