Hi Peter and Alex,
After a bit of "dry business" and some technical difficulties (these days it goes with the territory... you should see some of the "Zoo"m meeting I am on!) the presentation by Alex on the company overall, the different lines of business and their current state and potential, and the Drosrite specifically was the highlight of the call. He presented everything very clearly with the perfect pace and amount of depth. It was easy to follow along and I was not surprised that there weren't any questions because he had explained things so well. Nicely done!
Since then, I have had a chance to replay the presentation and re-read today's news release and I do have a few questions if I may:
1. With respect to the US Navy deal:
Is there something "special" about the vessel being an aircraft carrier that they need this type of disposal system specifically?
Could this system potentially be installed on any type of Navy vessels?
Could you comment on the potential number of vessels this system could be installed on in the US?
I am also wondering about non-naval vessels... cruise ships, container ships, tankers etc. Do you see a market beyond the millitary?
2. With respect to the Torch potential with Clients A, B, & C:
At $3M/torch (NPV), and the potential for more than 1000 torches, I am struggling with the math that gets me to $10B.
1000 x $3M/torch = $3B. Are you including reoccuring revenue from the servicing of these systems?
Is it possible to break it out a bit for us?
3. With respect to the "GHG Reduction - B Other Industries":
Would you say that those are listed in their order of importance from a business standpoint?
In other words, is the Cement industry the next most impactful potential business line after Iron ore?
4. With respect to the Drosrite system:
Is the relationship with the Japanese multi billlion dollar corporation of the "Golden Ticket" type described on the next slide: "Inside the Fence" On-Site Dros Processor? If not, could it develope into that?
Thank you so much for the great presentation. You guys are really firing on all cylinders but at the same time we understand that "slow is smooth & smooth is fast". Dress slowly :o)
Best regards,
Tim in Vancouver
