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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

Post by Clipper2on Feb 26, 2021 11:48am
204 Views
Post# 32671390

Some rough numbers

Some rough numbers
During the Glencore rip off it was fairly straight forward to calculate the approx. expected Revenue for each quarter. Post-Glencore not so easy. We can however make a rough calculation.
 
Q4-2020 average price of vanadium was approx  USD 5.20/lb. (unofficial).
 
Q4-2020 production was 3,340mt which is 7.36m pounds.
7.36m pounds times 5.20 gives us Revenue US$ 38.29m 
(Not taking into account any premiums).
 
Each US$1.00 increase in the price of vanadium will increase Revenue by at least US$7.36m. (without premiums) 
 
To-days reported V price was approx. avg US$7.60. (thanks again LRP)
 
Q4 to Q1 Revenue = an increase of approx. US$ 17.66m. (again, not taking into account any premiums.
 
Note:
There was a reported 19 days shutdown in Jan. which will reduce Q1 production by approx. 705mt.
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