Byron LGO strong buy recommendationSmallCapPower.com: What are some vanadium companies that you cover?
Jonathan Lee: In terms of equity plays, we cover two companies that are potential producers. The first one is Largo Resources Ltd. (TSX.V:LGO). Largo is developing the high-grade Maracas vanadium project in Brazil and we have a strong buy recommendation on that company. It has all the necessary equity financing in place and Largo’s management team is completing the debt-financing portion of the project financing. Once that’s in place you should see a bump in the equity price.
Construction has already started at Maracas and it should be in production in 2013. Largo also has an off take agreement with Glen core International Plc (LSE:GLEN), which provides some security in terms of future revenue generation.
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