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 »
