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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Metals & Mining Industrial Metals & Minerals
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

Largo Inc > Optimum V2O5 prices?
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Comment by jcw604on Nov 09, 2021 9:48am
114 Views
Post# 34104220

RE:Optimum V2O5 prices?

RE:Optimum V2O5 prices?
kha341 wrote:
Clipper2 wrote:
...the vanadium price is holding up well. Recent decline not yet a concern, but worth watching.

Q4-21 2021-10-01 V2O5 $8.10
Q4-21 2021-10-09 V2O5 $8.10
Q4-21 2021-10-11 V2O5 $7.90
Q4-21 2021-10-25 V2O5 $8.00
Q4-21 2021-11-02 V2O5 $7.90
Q4-21 2021-11-03 V2O5 $7.80
Q4-21 2021-11-04 V2O5 $7.70










Clipper,

Imo, Largo would not really need nor want  the average price of V2O5 to go up too high for 2 reasons:

1) If LCE wanted to capture 3% of the VRFB market by 2025, an average V2O5 price below US$9/lb would help its market penetration more than a higher price. 

2) The Technical Report indicates that to generate an after-tax NPV of US$2B the mining operations only need a weighted average price of US$8.80/lb inclusive of High Purity V2O5 premium. Considering the fact that HP premium = US$1.5 - 2.5/lb above the standard V2O5 they only need the average V2O5 spot price to be around US$6.3 - 7.3/lb to get the US$2B NPV. 


"Technical report indicates $2.8-billion pretax NPV (net present value) with 7-per-cent discount rate/$2-billion after-tax NPV with 7-per-cent discount rate for Largo's mining operations, using weighted average price of $8.80 per pound (lb) vanadium pentoxide (inclusive of high-purity V2O5 premium)..."





(sigh) it is down to 7.5 and probably tracking iron core prices.
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