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spartex

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spartex

Re: Slashnuts post# 154

Thursday, 09/14/2017 1:53:09 PM

Thursday, September 14, 2017 1:53:09 PM

Post# of 740
Just so I understand this better, the PR said:

Largo Resources Ltd. ("Largo" or the "Company") is pleased to announce that it recently surpassed its 1000th lot shipment of vanadium, representing approximately 44 million pounds of vanadium pentoxide (V2O5).

...which is pricing at V2O5 for the week ended August 18, 2017 was US$9.00 /lb to US$10.00 /lb (Source:Metal Bulletin)


Simple multiplication: 44 million pounds (V2O5) x $9.00/lb = $ 396 mil dollars.

That's hard to believe that Largo Resources has shipped $396 million dollars worth of vanadium pentoxide in its 1000th lot shipment.

How can that be possible? Especially for a company with Market Capitalization $558.2 million as of today?

Thanks for any clarification!
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