RE:RE:RE:V2O5 and Net Loss - 2019kha341 wrote: Clipper2 wrote: To expand on your very informative post I've included the amount of production and a basic revenue calculation showing production in pounds * average price of Vanadium for the quarters.
The first table shows that 2019 should have been a really good year for Largo, but instead it turned out to be an excellent year for Glencore.
| date | USD | mt | lbs | USD | |
| period | avg price V | production | production | Pounds * avg. V | net loss/profit |
| | | | | Revenue USD | |
| Q1-19 | 16.34 | 2,099mt | 4,627,497 | 75,613,307 | (2.20m) |
| Q2-19 | 8.59 | 2,515mt | 5,544,619 | 47,628,280 | (20.50m) |
| Q3-19 | 7.16 | 2,952mt | 6,508,038 | 46,597,554 | (8.60m) |
| Q4-19 | 5.37 | 3,011mt | 6,638,111 | 35,646,655 | (4.90m) |
| | | | | | |
| totals | 9.365 | 10,577mt | 23,318,266 | 205,485,796 | (36.62m) |
Clipper,
It would be better if sales vol were used to calculate sales revenues.( a side note: Of course HP sales were not included).
Q1-19 Sales Vol = 2,100T
Q2-19 Sales Vol = 2,480T
Q3-19 Sales Vol = 2,720T
Q4-19 Sales Vol = 2,860T
Thanks kha
They usually let us know the production in tonnes prior to the Financial Report for each quarter, and we usually know within a penny or two what the average price of vanadium was for the quarter,.and with those numbers we can take a rough stab at revenue. Once the Financials are released and we know the sales volume I should be using that number when discussing previous quarters. I keep forgetting to do that and thanks again for the reminder.
GL.