Questions regarding recent Iron Ore Pelletization news

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Poetech2

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Questions regarding recent Iron Ore Pelletization news

posted on Apr 30, 2020 02:14PM

Dear Mr Pascali,

These news from today are amazing and very exciting! Congrats to the entire team!

I have some related questions and I would really appreciate your feedback.

Once this current modelling contract is complete, what would the next steps be?
Would it be safe to assume that another contract for the actuall torches will need to be negotiated and signed? Are there any timelines / milestones estimated for that?

When mentioning that each torch generates "up to $3M of revenue to PyroGenesis", is that based on terms already agreed with this customer, or just a ballpark number for a torch?

Thank you very much, and I totally understand if you cannot provide exact details.