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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Comment by Clipper2on Mar 21, 2020 9:03am

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Post# 30833051

RE:RE:RE:US$ vs BRL

Clipper2 wrote:

jcw604 wrote:
I think the Q1 is probably profitable, and Q2 is too. We will find out from the conference call.

I totally agree.
Q4-19 avg price of vanadium was US$5.37 per lb.
Q1-20 my numbers show avg. US$6.06 per lb.

If Q1-20 production is the same as Q1-20.
Revenue will be CA$ 52.90m
After Glencore discount CA$ 48.94.
With vanadium price rising throughout Q1-20 there should be no remeasurement.

Q2-20 it all depends on the price of vanadium. IMHO the avg. price will be higher.
With only 1/3 Glencore discount to pay the revenue will increase by 2.5m.
HP powder sales kick in after April 30th selling at a premium.
Yes Q2-20 Financials will be something to look forward to.