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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

Post by kha341on Nov 09, 2023 6:52pm
175 Views
Post# 35727246

Ilmenite - 2024 forecast

Ilmenite - 2024 forecast

 


We are now expecting a production capacity of 8,000T - 9,000T/ mth starting April 2024 which represents a considerable reduction from the previous expectation of 145,000T/year (12,000T/ mth). 


Production forecast for 2024:

Q1-24 = 300T - 500T per month (assuming an average production of 1,200T/Q)

Q2, Q3, Q4-24 = 8,000T - 9,000T per month (assuming an average production of 25,500T/Q)

Vollant says that Largo’s ilmenite prices are expected to be around US$300/T (the middle of the current price range of US$250 - US$350/T)



Ilmenite Revenue Expectation

2024

Average Prices

Average Q Production

E Revenue

Q1

US$300

1,200T

US$0.36M

Q2+Q3+Q4

US$300

76,500T

US$22.95M

Full Year

US$300

77,700T

US$23.31M


Ilmenite EPS Estimation

Scenario

Profit Margin

Annual Profit

EPS before tax

1

75%

US$17.5M

US$0.27

2

50%

US$11.7M

US$0.18

3

25%

US$5.8M

US$0.09

4

10%

US$2.3M

US$0.03



An annual Ilmenite revenue of US$23.3M could easily increase Largo's EPS (before tax) by US$0.09 in 2024 considering the fact, as a by-product of V2O5, the Ilmenite production costs should be very low.

  

Q3-23 CC Transcript


Daniel Tellechea: Now in terms of volumes, as we are moving forward with the commission of the plant between the First Quarter -- in the First Quarter, we're planning to produce around an average of around 300, 500 tonnes per month. And starting April of next year, we expect that the plan will be completely terminated on his commission and time, and we should be producing between 8,000 to 9,000 tonnes per month.


Q3-22 CC Transcript


Paulo Misk: Yes, the ilmenite concentration plan is our first step of the titanium business. We expect to conclude that plan in Q2, specifically May. So you start we are expecting to have three, four months of hump up until reaching 145,000 tonnes of ilmenite being produced. As we are running about two years with a pilot plant at site with the current material that we have been mining, we have already trained our employees. We have a very good knowledge on all the technical issues. So I'm in a very smooth commissioning and ramp up for this production. 






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