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Largo Resources Ltd.

TICKER: LGO:TSX.V

Largo Resources Ltd. is a growing strategic mineral company with projects in Brazil and Canada. The immediate goal of the company is to bring its Maracás vanadium project to production in 2014. Largo also has interests in a portfolio of other projects, including a 100% interest in the Currais Novos tungsten tailings project in Brazil, which the company continues to develop; a 100% interest in the Campo Alegre de Lourdes iron-vanadium project in Brazil; and a 100% interest in the Northern Dancer tungsten-molybdenum property in the Yukon Territory, Canada.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Luisa Moreno, Euro Pacific Canada (7/17/14) "Largo Resources Ltd. is our new Top Pick for 2014. . .the company's Maracás project is likely the most advanced new vanadium project in the world, with official production expected to start in Q1/15, well timed to capture the anticipated growth in demand. . .Largo also has the highest grade vanadium deposit in the world and is expected to become one of the world's lowest cost producers."

The Mining Report Interview with Luisa Moreno (7/8/14) "Some investors are looking more at more advanced projects like Largo Resources Ltd., which has a vanadium deposit that is close to reaching production." More >

The Gold Report Interview with Philip Richards (6/16/14) "Largo Resources Ltd. is about to commission a new vanadium production facility in Brazil, which will be a welcome addition to global supply. Vanadium pricing has been weak for some time. With restricted supply and a structural long-term upshift in demand, we expect vanadium pricing to improve over the next couple of years. Largo offers a cheap entry into vanadium. . .Largo's Maracas project is ramping up right now, and I expect it to be running at full production by the end of June. This company should be generating around $100M in annual cash flow by 2016, which makes Largo extremely cheap right now." More >

The Mining Report Interview with Mark Seddon (6/10/14) "Largo Resources Ltd. has quite a big project in the Yukon, just over the border with British Columbia, called Northern Dancer." More >

Luisa Moreno, Euro Pacific Canada (5/29/14) "Largo Resources Ltd.’s vanadium plant construction has been completed and the front end of the plant has been commissioned. . .the company has received significant support from the federal and local authorities in Brazil, evidenced by the scope of the inauguration ceremony for the new mine, which was attended by nearly 2,000 locals, including the governor of Bahia state and many municipal and high-ranked city officials. . .Largo’s Maracás project is likely the most advanced vanadium project in the world and with demand likely to outstrip supply in the near term, we believe that once the company reaches consistent production and further de-risks the project, it will likely become a takeover target."

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Matthew Sheppard, Jacob Securities (5/16/14) "Largo Resources Ltd. announced this morning that it has started warming the kiln at its Maracas vanadium project in Brazil, which marks the final step of the commissioning stage. . .commercial production is anticipated in Q4/14, at which point the company will be generating revenue on its income statement. The first few years of production will be high grade/high output; margins are very robust, with vanadium trading around $5.70/lb and Largo forecasting average cash costs of $2.50/lb before byproducts."

Henry Lazenby, Mining Weekly (5/16/14) "Largo Resources Ltd. announced that it had concluded commissioning of its vanadium processing plant at the Maracas project in Bahia, Brazil, and that vanadium pentoxide production would start as soon as the kiln had reached its design temperature. . .the transition metal vanadium, which is mainly produced as a byproduct of iron ore mining has, in recent years, seen a steady rise in demand from the steel construction industry as building regulations, especially in China, increasingly call for improved strength and lighter construction materials. . .a January 2013 PEA for expanding the scope of the Maracas project had attached a $554M NPV at an 8% discount to the project, with a 26.3% internal rate of return."

Patrick Morton, RBC Capital Markets (3/18/14) "Largo Resources Ltd. continues to expect to achieve mechanical completion by the end of Q1/14 at its Maracás vanadium project. In our view, the commissioning of the kiln, a major component of the process plant flow sheet, is an important step in achieving this goal. . .project derisking could result in significant upside for shares. . .Maracás should become the highest grade vanadium mine in the world once production starts."

Luisa Moreno, Euro Pacific Canada (3/14/14) "We are initiating coverage on Largo Resources Ltd. . .the company's Maracás mine is the highest-grade vanadium deposit in the world. . .we believe that Largo's production timing is ideal because of favorable demand forecasts for the metal. Furthermore, given its high-quality deposit, we believe Largo has the potential to become a major low-cost producer of vanadium."

Matthew Sheppard, Jacob Securities (2/6/14) "We believe Largo Resources Ltd. is an excellent investment candidate. The company offers shareholders security as it is fully financed through to production. Furthermore, Largo has agreements in place for 100% of its commercial production."

The Metals Report Interview with Paul Renken (9/17/13) "Largo Resources Ltd. is definitely a vanadium play. It does have a pair of tungsten projects, one of which is a tailings retreatment project that's been put back on care and maintenance in Northern Brazil but also a large, undeveloped tungsten deposit called Northern Dancer in Canada. . .Glencore-Xstrata Plc recognized that Maracás is one of the highest-grade vanadium deposits in the world at 1.3% vanadium. The geology indicates there is an awful lot more vanadium potential along this particular trend and should pay dividends for a company like Glencore, which has the offtake of vanadium, for a long time." More >

The Metals Report Interview with Dave Forest (9/3/13) "A company like Largo Resources Ltd. in Brazil is probably in a good position. It is developing a magmatic iron-vanadium-titanium deposit, which, interestingly, also has some platinum group metals. This is a near-term producer in a geological terrain similar to that which has been proven around the world. That's a pretty interesting combination. And Brazil has a very well-developed mining sector, which means it also has pretty well-developed infrastructure, which adds to the economic viability of the project." More >

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