Largo Inc T.LGO

Largo needs to

[Clipper2]

"Strike while the iron is hot".

https://markets.businessinsider.com/commodities/iron-ore-price

[kha341]

Since at least 2015 Largo has produced about 500 kilotons per annum of iron ore by-product.  1 kiloton (kt) = 1,000 tons (t) 500 kilotons per annum = 500,000 tons per annum Our iron ore stockpile = 500,000 tons per year x 6 years (from 2015 to 2020 inclusively) = 3,000,000 tons The current market market price of the benchmark iron ore (62% Fe) is ~US$151/ton. Our product is

[Clipper2]

Wow! Thanks for the calcs kha. Looking good.

[lucidvision]

Thanks, indeed,  for your very detailed calculations Mr Kha . One little line, at the end captured my attention ; “Imagine an NR announcing the partial sale of our iron ore stockpile. It could easily add another C$1 to the sp, imho.”   A suggestion that a ‘partial’ sale of old, damp rusty ore, sitting there like nobody wants it would lift the stock by one whole buck; from the current $1

[lucidvision]

Lines up with iconic Mrs Gaines thinks... https://www.smh.com.au/business/companies/fortescue-s-message-on-iron-ore-keep-calm-and-party-on-20201209-p56m24.html?ref=rss&utm_medium=rss&utm_source=rss_business