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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

Comment by st_estebanon Dec 14, 2020 2:37pm
186 Views
Post# 32101490

RE:Crux- interview of Misk July 2020

RE:Crux- interview of Misk July 2020Kha thank you for the link

From the interview:

"Matthew Gordon: What is the value of those stockpiles that are sitting around the world? What are they down on the balance sheet as?

Paulo Misk: It is about, let's say 2000 tons overall of V205. If you look at our production guidance, it's 12,000 tons of V205 this year, but our sales guidance, is about 2000 tons less. That's why we planned that situation and we are performing as planned.

Matthew Gordon: Say you produce that 2,000t at around, let's say a cost of USD$3.25. So that gives us a sense of how much money, net, is available to you sitting around the world in stockpiles. "

I do not see the answer to the question being asked.


What is the value of those stockpiles that are sitting around the world? We have 2000tonnes (~4.4 million pounds of V2O5)


Based on Matthew's comment we can consider the value to be at least USD3.25 per pound since this was the production cost.  But the actual value will be higher since it depends on the current market price.

At USD5/pound this will be more than 22 million dollars

Do you know how is this reflected in the Q3 financials?

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