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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Comment by kha341on Jul 25, 2020 7:06pm
110 Views
Post# 31319596

RE:RE:RE:Regarding Iron Ore, Ilmenite and PGM

RE:RE:RE:Regarding Iron Ore, Ilmenite and PGM
SKiamforsure wrote: KHA
What are your thoughts on a sinking us dollar?
How will it effect Largo?
Thnak for your thoughts
Sk



1) Largo sales are in US$

2) Operating Costs: Maracas is located in Brazil therefore most of our operating costs are in BRL. The US$ is still very strong vs the BRL with 1 US$ = 5.2319 BRL = helping Largo to realise a very low cash operating cost / lb

https://www.bloomberg.com/quote/USDBRL:CUR


3) Corporate costs: Our HQ is located in Canada. So most of our corporate costs are in C$. Last I check 1US$ is still = C$1.3421 or down 7.6% from the high of $1.45 in March however the US$ is still very strong vs the C$, actually it is still higher than the average exchange rates of 2018, 2019 and the first 2 months of 2020. Anyway, our Corporate Costs are tiny as compared to our Operating Costs. There is no reason for concern. 



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