RE:RE:RE:Great Crux interviewClipper2 wrote:
Question.........Didn't Largo recently state that they would be cutting back on production?
IMHO. They should be stockpiling this shi.....t.
They announced that the Annual Guidance was revised downward by ~5% from 12,000 - 12,500T to 11,400 - 11,800T. That does not necessarily mean that they will cut production. Imo, it’s just another case of over-promising and under-delivering.
Q1 + Q2 + Q3 Production = 8,316T, so if they wanted to keep the original Annual Guidance of 12,000 - 12,500T unchanged, Q4 production would have to be 3,684 - 4,184T, an impossible volume for them to reach.
LCE wants to capture 3% of the clean energy storage market or 1,400 megawatt-hours (requiring a supply of about 14,000T of V2O5 to be ramped-up in 2-3 years) by 2025. How about beyond 2025? They will be needing a lot of V2O5.