Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

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.

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Largo Inc

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Post by kha341on Aug 11, 2022 1:24am

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Post# 34887238

Income Tax

H1 Net Income before Tax = US$23.2M

H1 Income Tax (expense + deferred) = US$7.2M

H1 Net Income after Tax = US$16M

7.2 / 23.2 = 31% tax rate.

Remember the highly-promoted-by-Management Technical Report (dated Dec 2021) which indicated $2.8 Billion Pre-Tax / $2.0 Billion After-Tax NPV7% and $5.8 Billion Pre-Tax / $4.2 Billion After-Tax Life of Mine Cash Flow? Well that Technical Report used the following Income Tax rate for its estimation. Notice the 15.25% rate from 2022 to 2028 (as compared to the 31% currently used by management). How valid is that Technical Report?