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.

TSX:LGO - Post by User

Largo Inc

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Post by Wilemon Mar 21, 2011 10:25am

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Post# 18315352

LGO.v Highlights - Potentially one of the world's

LargoResources Ltd. has released the results of a National Instrument43-101-compliant preliminary economic assessment on the NorthernDancer tungsten-molybdenum project located in Yukon. Thecorresponding technical report was completed by AMC Mining Consultants(Canada) Ltd.and will be filed on SEDAR in due course.

Highlights include:

Positive net present value of $918-million (U.S.) (at an 8-per-cent discount rate);
Low-cash-cost producer: $116 (U.S.) per MTU (metric tonne unit) (current trading price of $365 (U.S.) per MTU) tungsten;
Average annual production of 833,000 MTU tungsten and 5,959,000 pounds molybdenum over initial 23 years;
Potentially one of the world's largest tungsten producers;
Cumulative cash flow $4.8-billion (U.S.);
Preliminary feasibility study to begin immediately.