Bullboard - Stock Discussion Forum 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... see more

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Largo Inc > 2024 Guidance

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Post by kha341 on Jan 23, 2024 9:52am

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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Comment by ThaLuvDocta on Jan 23, 2024 7:13pm

Ilmenite revenue is ramping significantly faster than previously expected. I was previously expecting hundreds of tons, not thousands. This will certainly help against the V price backdrop. Also, the company took out more debt, but at least it didn't dilute. --Someone there has a head on their shoulders. Now, if China stimulus reverses the downward trend, and/or if there's more VRFB ...more

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Largo Inc