RE:Largo needs to Since at least 2015 Largo has produced about 500 kilotons per annum of iron ore by-product.
1 kiloton (kt) = 1,000 tons (t)
500 kilotons per annum = 500,000 tons per annum
Our iron ore stockpile = 500,000 tons per year x 6 years (from 2015 to 2020 inclusively) = 3,000,000 tons
The current market market price of the benchmark iron ore (62% Fe) is ~US$151/ton. Our product is considered to be relatively low grade with elevated titanium content subject to penalties. I don’t know how much a low grade iron ore like ours can be worth but even at an estimation of a crazy low price of 1/3 of the benchmark price our stockpile could be worth US$150M (or US$50/t x 3M tons) in total, plus an annual revenue stream of US$25M (or US$50/t x 500,000 tons). Granted that we want to use our own iron ore to make FeV but can we not at least try to sell a big chunk of the stockpile? Has management done any serious work / test to determine the marketability / saleability of our iron-ore?
Imagine an NR announcing the partial sale of our iron ore stockpile. It could easily add another C$1 to the sp, imho.