Thanks Rellek, Welcome To The Largo Board!
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 $107m CAD.
Good Luck To All!$!$
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