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26.0¢ technology metals australia limited

Is there any chance you could link the report?

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HarryMc

94 Posts.

3

06/12/18

17:05

Post #: 36774783
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Originally posted by tonethegroan ↑

A very recent and excellent research report on Largo by Piyush Sood (Morgan Stanley) has a 'through the cycle' valuation of C$4ps and a 12 month price target of $6 ps on the back of the 'stronger for longer' arguement around the vanadium price (which he fully supports). His Bull Case valuation is $8 ps using an average calendar V price of $47 in 2019.

He expects in four years for the V price to settle down to a sustainable level of $12/lb. By then the average cost of producing primary V will have risen to $6/lb because low grade producers will have been encouraged into the market.

Big fat margins for those that can manage the cost of production below $5/lb i.e. US!

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Is there any chance you could link the report?

TMT Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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