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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

TSX:LGO - Post Discussion

Largo Inc > No sign of V2O5 recovery
View:
Post by kha341 on Jul 05, 2024 5:42pm

No sign of V2O5 recovery

 


The Euro V2O5 prices decline further in Q2-24. At the current V2O5 prices, Largo “will not be making cash” to say the least.  

Note that in Q1-24 Largo’s 

Cash Operating Costs excluding royalties = US$6.12/lb, and

Cash Operating Costs with royalties = US$6.41/lb


And we are not even talking about indirect costs such as SG&A / Corporate / Consulting / Finance, ect….


So do expect a very challenging Q2-24 even with the Ilmenite revenue stream.


 Prices of Euro V2O5 (US$/lb)

Period

Average as per my data

Average as per Largo

Q1-24

$6.49

$6.44

Q2-24

$5.95

N/A

H1-24

$6.22

N/A

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