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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 > 2024 Guidance
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Post by kha341on Jan 23, 2024 9:52am
137 Views
Post# 35840611

2024 Guidance

2024 Guidance

 


The 2024 V Production Guidance of “9,000T - 11,000T”  is well below the company’s nameplate production capacity of 13,200T / year (1,100T/ mth). Thus a weaker than expected V Sales Guidance for 2024 (8,700T - 10,700T). Notice that the 2024 Sales Guidance = 2023 Sales Guidance so it seems like Management does not expect any increase in the demand of V in 2024 at all. 


The 2024 Sales Guidance for Ilmenite = 60,000T to 67,000T = 63,500T

Assuming the average sales price for Ilmenite = US$280/T 

The average FY Ilmenite ERevenue = $280 x 63,500 = ~US$17.8M


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