Maracas Brazil - Vanadium
LGO's 2008 Feasibility Study estimated US$1.3Billion based on Ferrovanadium being worth $8 per pound (currently hanging between $7.50 to $8.25 per lb).
LGO has been at the top of my portfolio since 2007. Have a look at the 5yr graph. Stocks like this have been slow to recover but as investor confidence builds we're slowly returning to former levels.
I'm once again accumulating at these levels and anticipating holding over summer. Would be good to see V2O2 prices go up a bit more. Manufacturers are generally expecting Ferrovanadium to rise steadily after the May long-weekend.
Stockpiled V2O2 is buffering the prices. Once we see some steadiness in the V2O2 prices and increased steel manufacturing there should be renewed interest in this stock as stockpiles become depleted.
IMO it can only be a matter of time. Remember: LGO's Maracas is the "highest grade vanadium deposit in the world"
And that's just the Maracas project.
GLTA