Largo's Titanium business is expected to be very profitable 2024 and 2025
Ilmenite Estimated Revenue = ~US$11.6M per annum
Ilmenite Estimated Gross Profit = ~US$10M per annum (= US$182 x ~55,000T)
TiO2 Pigment Estimated Revenue = US$93M per annum
TiO2 Pigment Estimated Gross Profit = US$54M per annum (= US$1,800 x 30,000T)
Total Ilmenite + TiO2 Pigment Estimated Gross Profit = ~US$64M per annum (= ~US$10M + US$ 54M) out of an estimated total annual revenue of ~US$104.6M
Put simply, Largo's Ilmenite/Titanium projects are expected to be a big cash machine!
DYODD