THESE ARE SOME OF THE REASONS WHY I AM NOT SELLING LARGO ………for a long long long time … no matter what some of the, often wrong, technical guys say...
Let's keep things in perspective ...this is no fly-by-night operation...
DEBT --> 0 (zero)
OFFTAKE AGREEMENT --> expired…gone…done with
MINE LIFE --> 40-50 yrs or more?
VANADIUM NEED (up or down) --> up
FUTURE VANADIUM PRICES (up or down) --> UP
PROFITABILITY (once re-measurement disappears UP
WHO CONTROLS LARGO’S FUTURE --> Largo (product, productivity, sales, diversification in close adjacent/ increasing value chain markets, void of re-measurement)
WINNING FOCUS --> HP Vanadium sales (high premiums)
SALES TEAM --> already done their homework (85-90% committed)
CLOSE ADJACENT VALUE --> Same salesperson will soon have one more widget to sell (V2O3)
PRODUCTION -->record established in 2019
OPERATING COSTS --> down to $2.95/lb of V2O5
V2O3 Processing PLANT --> approved … WHY? In Minsk’s words “its premium yielding high purity sales in the vanadium-titanium-aluminum alloying market which is required for aerospace manufacturing, chemical industry and vanadium electrolyte used for vanadium redox flow batteries."
ILMENITE FLOTATION PILOT PLANT STUDY -->Proven Successful. In 2020 will further upgrade its ilmenite concentrate into TiO(2) using an additional chemical pilot plant