Dear Maybe111,

Allow me to reply to a number of your recent posts.

First, I am at a lost to understand what you are talking about with respect to the dross market we are targeting.  We do not see a drop in available dross.  On the contrary, we see a huge increase in interest in our technology after the win it had.  That is all that matters to me.

Second, I also cannot speak to your comments on Morningstar given they do not know PyroGenesis as they have never spoken to me.  Personally, I do not take advise form analysts that have never spoken to the company they are analyzing. Just like I never seek medical advice from people that have not graduated from medical school, but to each his own.

Not more I can say to that other than: situations which seem out of line/congruency are always interesting opportunities for the sophisticated investor.

Last but not least, Morningstar cannot detract from my credibility.  To do so one has to first start from a position of credibility, no?

Hope that helps

Peter