RE:RE:RE:Regarding Iron Ore, Ilmenite and PGMSKiamforsure 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.