RE:RE:RE:RE:RE:RE:RE:RE:RE:comprehensive production updateStack - very good point. Also we need to consider the impact that low prices will have on those producers that have high OPEX. Even at this level Largo continues to be one of the producers with the lowest OPEX.
The longer the price stays at this level the higher the change for those high cost producers to exit this market and the more difficult for new producers to come in. The net effect will be a rapid increase in price.
On another note... have any of you considered the impact that the reduction in cost per pound will have for Largo? After all the company targets to reduce current cost per pound from 4.15 to 3.21 by the ned of 2015 (and to 2.6 by 2016). Considering that these numbers already include all royalties, SG&A and sales commissions, make them very attractive.