I think his comment must've been based on his DD numbers from when before the PPS started to spike. He was involved with this deal months before it was announced.
Q2 numbers were based on an average vanadium price of around $14-$15 per pound so I think the $400M is too low. Q3 vanadium is already $5 per pound higher than Q2. It hit $19.65 last week.
It should be noted that in Q1, Largo produced 400 tonnes of high purity vanadium flake, an increase of 95% over the 205 tonnes sold during fiscal 2017.
In Q2, production began of high purity vanadium powder which is used in redox batteries. High purity vanadium gets a premium price. I believe that price is averaging $24 per pound in Q3.
Wild card will be, how many tonnes of high purity products were produced?
Q2 Vanadium production 2,458 tonnes, or 5,418,956 pounds.
Q2 Revenue guidance between $99m and $107m CAD.
Good Luck To All!$!$
Recent LGO News
- Largo Announces a Proposed Joint Venture with Stryten Energy to Bring Innovation and Scale to North American Vanadium Flow Battery Market • Business Wire • 03/18/2024 09:05:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:17:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 02:58:41 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/18/2023 01:24:38 PM
- Largo Provides Update on the Ongoing Exploration Program Surrounding its Maracás Menchen Mine in Brazil • Business Wire • 12/18/2023 01:08:00 PM
- Largo Reports Third Quarter 2023 Financial Results; Announces First Commercial Shipment of Ilmenite as By-Product of its Vanadium Operations in Brazil and Validation of its 6 MWh Vanadium Redox Flow Battery to Operate on Test Conditions in Spain • Business Wire • 11/08/2023 10:17:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 10:05:10 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/06/2023 10:05:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/31/2023 05:20:59 PM
- Largo Reports Third Quarter 2023 Production and Sales Results and Begins Hot Commissioning of its 6.1 MWh Vanadium Redox Flow Battery; Production and Cost Guidance Remains Unchanged • Business Wire • 10/17/2023 09:46:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/29/2023 11:39:32 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2023 05:53:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/25/2023 03:34:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/17/2023 11:22:32 AM
- Largo Reports Fatality Following Injuries Sustained at its Maracás Menchen Mine Chemical Plant • Business Wire • 07/15/2023 06:47:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/28/2023 03:57:12 PM
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