Largo Inc T.LGO

Iron Ore Sales

[Clipper2]

https://stockhouse.com/news/press-releases/2021/03/15/largo-resources-announces-the-execution-of-its-first-iron-ore-sales-contract

[Wells Largo]

YESSSSSS! Long awaited good news, and after valuation hopefully (probably) multiple sales moving forward ;-)

[Wells Largo]

Iron Ore price as of 03/12 US$168.26/DMT (as per Markets Insider) x 14000 = $ $2,355,640.00 Rev. and that is only the first shipment of a possible long term contract.. Well done Mr Vollant, long may it continue! GL2ALL.

[jcw604]

Are those low quality iron core?

[st_esteban]

"the Company is currently producing iron ore at a rate that would result in the generation of approximately 500,000 tonnes per annum and has accumulated a total stockpile of approximately 2 million tonnes" $168 x 500,000 = 84,000,000 additional revenue/year $168 x 2,000,000 = 336,000,000 sitting in Largo's backyard waiting to be sold.

[Bullsprig57]

Currently, Paulo is just preaching to the choir.  There is a limited number of followers of Largo but things are lining up for a big entry onto the NASDQ.  We should have positive earnings plus forecasts for the foreseeable future.  Forward-looking P/E ratio should be a driver for stock price.  Future is Bright!

[Cocorock]

When do you think Largo will start trading in the NASDAQ?

[Bullsprig57]

From the NASDQ listing center:  While it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments.  I'm hopeful for early April at latest.  This should be the most interesting earnings call they have had

[MetalsMan]

This is certainly positive, but I seem to remember Mark Smith saying the value of this iron ore would not fetch market price - something about the chemistry.  It is still very positive even the release has some caution built into the wording. I suspect the market is waiting for some clarification on the details, perhaps the call with provide more information or if it doesnt I'm sure