Glencore paymentsbased on the net cash scenarios after payment/adjustments to Glencore for April 2020 offered by Cleave, doesn't it roughly come out to +/- $20mio CAD per $1 move in V2O5?
As such, if we can avg $10/lb until then, wouldn't Largo ostensibly eliminate the negative adjustment to Glencore?
This would require a steady climb upwards of $15/lb V2O5 which implies +$.10 per day.
Crazier things have happened...
US$4.00/lb US$4.73/lb US$5.50/lb
Forecast cash at April 30, 2020 $ 131,260 $ 138,105 $ 144,717
Estimated revenue adjustment payable4 at April 30, 2020 103,738 95,463 86,616
Net $ 27,522 $ 42,642 $ 58,101