Replies to post #154 on Largo Inc (LGO)

[bigone]

Welcomed news indeed.
Prices are supportive. Largo seems to be getting its act together.
Any feelings as to next quarter's results?

[spartex]

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!