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 > My estimation of the production loss due to heavy rainfall

<< Previous

Bullboard Posts

Next >>

Comment by kha341on Jan 21, 2022 3:40pm

158 Views

Post# 34344422

RE:My estimation of the production loss due to heavy rainfall

kha341 wrote: So we can say that the Nov and Dec heavy rainfall caused a production loss of 1,081 tonnes or 17.4 tonnes per day on average in these 2 months as compared to the daily expectation of 33.5 tonnes.

If we assumed that the average price of V2O5 = US$9.00 / lb then a shortage of 1,081 tonnes (or 2,283,000 lbs) would = (9 x 2,283,000) = US$20.5M.

And we have more than enough in our inventory to cover it.