PyroGenesis Inc T.PYR

From the CEO site - FYI

[HARJAY]

@Vestor111@ToolmanTim. Interesting. Clearly $PYR will have to make a lot of FSRs to satisfy global demand. I have to wonder, once PYR irons out the 1000TPY FSR and start to ramp production, how many FSRs could they build a year? Original post: https://ceo.ca/hpq?id=a4fe48524286



@ToolmanTimHis "rough order of magnitude" napkin math is pretty interesting (at 16:20ish) Please correct me if I don't have the math right or misunderstood anything. Just a single 1000 tonnes/year system = 1,000,000 kg/year of which you maybe have 90% efficiency... so perhaps you can sell 900,000 kg/year. Assume an average selling price of around $8 USD/kg and you get about $7,200,000 USD/year from just that 1 machine. Let's call it $7,000,000 USD. Profit margin EBITDA of around 70% and conversion to CAD ... about $7,000,000 CAD/year per machine. $7MM USD x 0.7 x 1.45 (exchange today) = 7,105,000 CAD/year (per machine) . Again, let's call it $7,000,000 CAD. Currently just in Canada the market is 16MM tonnes which would mean 16 machines.... 16 x $7MM CAD = $112,000,000 CAD / year EBITDA if they capture the whole market in Canada. Globally is 1MM tonnes = 1 Billion kilos x $8USD/kg = $8 Billion USD/ year with a profit margin of around 70% EBITDA and conversion to CAD = $8 Billion EBITDA Canadian/year .... and a 5% royalty on that = $400,000,000 CAD/year (one can dream :o) and all of this assumes a static market with no growth or no new consumption from entities that have not been able to use the current HCl contaminated commercial product

[EtheGreat]

IMO Multi Build FSR's Strategy == Desired Scale Up Capacity + Build $$$ Zeal is Paramount ! Once Offtake Agreements Made , Fund$ becomes Easier for Private Placements & Public Investments ( Stock Demand Increase ) * So how Quick / Fast does Pyro/HPQ want to Grow ( Growth Zeal ) -- hopefully they'll Switch into Higher Gears !

[Mostlyserious]

The math is incorrect.  If Canadian market is 16MM tonnes, global market cannot be 1MM tonnes.  And global market for 1MM tonnes at USD$8 billion is several times larger that what the total fumed silica market was in 2023.  And according to the info presented the Canadian market is 16X this USD$8 billion market?  Not according to real world facts. Pumpers promoting information