Largo Inc T.LGO

RE:RE:52-week High/Low

[Clipper2]

NewAgeMetal wrote: There simply isn't anything positive to report, one battery and we carry a whole team and every penny this company makes for the next decade is spent on a titanium plant.

getting scary 

Hi NewAgeMetal.

Scary indeed.

585m over the next 10 years.

Phase 1 - Approved.

 

2022 - 25.2m - Ilmenite concentration plant.

 

2022 - 50.7m - TiO2 pigment chemical processing plant which is to be located in Camaari, Brazil

 

2023 - 45.7m - TiO2 pigment chemical processing plant which is to be located in Camaari, Brazil

 

Total cost for Phase 1 is 121.6m 

 

 

Phase 2 - subject to the Board’s approval.

 

2024 - 29.8m - Expansion of the TiO2 pigment chemical processing plant.

 

2025 - 29.8m = Expansion of the TiO2 pigment chemical processing plant.

 

In addition to the 59.8m for the expansion, the Company will consider an expansion of the vanadium trioxide (“V2O3”) plant in Maracs with a total investment of $4.7 million.

 

Phase 3 - subject to the Board’s approval.

 

(2026-2028) 

132m - further expansions.

 

Phase 4 - subject to the Board’s approval.

 

(2029-2032)

 

The Company’s Campbell Pit will be depleted in 2032 at which point the Company expects to begin mining and processing of its NAN and GAN deposits. The Company plans to invest in duplicate crushing, milling, kiln and leaching circuits, with a total investment of $230.6 million. 

https://stockhouse.com/news/press-releases/2021/11/03/enhanced-access-to-vanadium-and-profitability-indicated-by-pre-feasibility-study