Largo Resources Goes Vertical

Date: Sep 27, 2018

Largo Resources’ Maracas Menchen mining complex is one of only three primary vanadium mines in the world.

Based on their 2017 technical report, I expect mining costs to increase in 2019. The company has yet to provide 2019 guidance.

I weigh the bear and bull cases for vanadium before providing my own long-term price estimate.

Looking out a few years, I see shares of Largo falling by about 50% after this vertical move expires.

This idea was discussed in more depth with members of my private investing community, Industrial Minefinder. Get started today »