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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 28, 2023 8:37am
125 Views
Post# 35755826

Euro V2O5 down

Euro V2O5 down

Euro V2O5


Friday Nov 24 2023: Fastmarket Euro V2O5 min 98 in warehouse Rotterdam, Mid-Price down ~3%. The Current Mid Price must be somewhere in the low US$6.00/lb range, imho. It looks even worse on vanadiumprice.com (see chart below).


It should be noted that our Q3-23 Cash Operating Costs = US$5.44/lb (excl royalties) and US$5.87/lb (incl royalties). In Q3-23 the average benchmark price of V2O5 was US$8.03/lb and our revenues per pound of V2O5 equivalent sold was US$8.34. And Largo had a Net Loss before tax of (US$14.74M).

As the prices of V have gone down so much it doesn't look good for Largo in Q4-23 regardless of management costs control effort, does it?


Btw, Cash Operating Cost Guidance (excl royalties) = US$4.85 - 5.65/lb (about US$5.30 - 6.10/lb including royalties). 

 

https://vanadiumprice.com/




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