Re: Drosrite opportunities
in response to
by
posted on
May 09, 2020 12:55PM
Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers
It might just be coincidental but just after you claimed the win for your technology last June??, there were a number of large offerings of secondary dross that came onto the market. I estimated that well over half a million tonnes of secondary dross appeared for sale or on contract and since then little has come available. I understand that secondary (manufacturing) dross is more problematic but there is also far more of it. It also takes a more sophisticated understanding of market requirements but that alone can keep a business viable for a long time. I initially thought that your Japanese trading company had come forward to solve that problem but from your response, I guess not. Oh well....
By the way, the corporate valuation for PYR on Morningstar went up continuously throughout this COVID-19 scare only to drop precipitously (over CDN$30MM) just two or three days after your announcement. They are used by BMO Investments so they must have some capabilities to justify these estimations, maybe????? There are other words that might be used too.