The Investment Doctor
Long/short equity, value, debt, base metals

Largo Resources: Brazilian Vanadium At Less Than Half The Project's NPV

Introduction

In this article I'll have a closer look at Largo Resources (OTCPK:LGORF) which is in the final stages of developing its Maracas Vanadium project in Brazil. Even though the company is currently trading at just $0.20, its total market capitalization is close to $200M. I will provide a brief overview of the company's three main projects and I will run some numbers to see how interesting the Maracas Vanadium project really is.

Thereafter I will give a brief background about vanadium and why exactly I'm quite keen to gain exposure to the metal. This will be followed by explaining the risks which are involved with investing in Largo Resources. This will result in my investment thesis at...

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