Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

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PyroGenesis Inc > Question

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Post by filoux004 on Nov 06, 2022 12:28pm

Question

Anybody know what the monthly cash burn rate is? With only 1.9M cash ,a decreasing backlog and Accounts receivables not paying one would except another capital raise, sooner than later. Your feedback is much appreciated. Thanks

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Comment by BIGMOE on Nov 06, 2022 1:23pm

Not sure about the cash burn, but I estimate the got so far $6.3 million as follows: 1. end of Q2/22 cash $1.3 million 2.Dross payemnt 0.7 million, more payment is comming 3. Share issued $1.3 million 4.US Navy padid $1 million for 2 system in service 5. Client B paid $1.3 million milestone payment 6.Peter's share options $0.7 million Plus they do have small contracts that may add few ...more

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