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+ kennt ihr euch überhaupt aus mit LGO, oder labert ihr hier nur damit ihr was von euch gebt?? +
Das wichtige steht aber unten, sobald da die Lizenzen da sind könnten die das verhökern. Indizwirkung wird haben, ob Vale:
a) selber als JV Partner einsteigt oder
b) den von Largo nicht gezogenen Teil der Option für erhebliches Geld nach China verkauft (m.M.)
Dadurch bekommt Largo den Partner, der Maracas durchfinanziert. Dafür wird Largo aller Wahrscheinlichkeit nach dem JV Partner für die Finanzierung die Option einräumen, den Anteil auf ca. 75% auszubauen.
Feb 05, 2009 16:08 ET
Largo Resources Closes Private Placement Financing and Announces Shares for Debt Settlement
Working Captial of $3.1 million increased through private placement, shares for debt and flow through funding
TORONTO, ONTARIO--(Marketwire - Feb. 5, 2009) - Largo Resources Ltd. ("Largo" or the "Company") (TSX VENTURE:LGO) is pleased to announce that it has increased working capital by approximately $3.1 million by private placement, shares for debt and flow through funding.
Today, Largo closed its previously announced non-brokered private placement financing through the issuance of 39,319,511 common shares at $0.06 per common share for total gross proceeds to the Company of $2,359,170.74.
The closing remains subject to receipt of applicable regulatory approvals including final approval of the TSX Venture Exchange.
The common shares will be subject to resale restrictions for a period of four months plus one day from the closing date. In connection with the financing, Largo has paid Delano Capital Corp. and Union Securities Ltd. (the "Agents") a finder's fee equal to 5.0% of the gross proceeds raised by each of the Agents respectively.
This financing is in addition to the $500,000 flow-through financing previously announced and closed on December 31, 2008.
In addition, Largo is pleased to announce that it has successfully reached a settlement agreement with creditors of the Company to re-structure $243,717.36 in outstanding net debt. Largo will settle the outstanding amount through the issuance of 4,061,956 common shares of the Company. This transaction is subject to TSX Venture Exchange approval. Following the completion of this debt settlement, Largo will have 171,864,476 common shares issued and outstanding.
The proceeds of the financing will be used by the Company for completion of the Localization License; the crucial environmental license, at its Maracas Vanadium-PGM deposit in Bahia, Brazil and for working capital purposes.
Dito. MM ist gefordert, kann mir in keinster Weise vorstellen, dass die Verantwortlichen kein Interesse mehr an einer Erfolgsstory hätten, dafür schlummert zuviel Value in den properties.
Mir scheint hier eine abgesprochene Sache gespielt zu werden, in der u.a. Sprott mit drin hängt..
btw. wer hätte denn vor einem Jahr Kurse unter 0,1Cad prophezeiht? Diese sind nur durch eine gegenwärtige "worstcase" Bewertung möglich geworden..
.. sei gierig, wenn andere ängstlich sind.. peketec.de/trading/images/smiles/icon_whistle.gif" style="max-width:560px" />
Largo bleibt mE einer der größten Chancen im Explorersektor, vllt. sogar eine einmalige..
CA-board: sh-comments
Looks very much like our PP is closed and we will have a NR out today or tomorrow IMO. Nice to see the strength today.
The closing of the PP also allows the release of the remaining drill results for Northern Dancer. We should also see an update on the status of both projects and the overall operations of the company in light of the current economic downturn. (layoffs etc...)
Scoping study for Northern Dancer shouldn't be too far off either, I expect that by late Feb or early March. We should also find out on project permitting for Maracas. The localization license (environmental) should be ruled on this month from what I hear.
..
I have to disagree with you in calling LGO just a shell at this point. Largo and their partner still own 50.1% of the Maracas property, so they are still the operator on the highest grade Vanadium deposit in the world. A much reduced staff on payroll and $3 million in the bank will go a long way to give Mark the time to hatch out some sort of deal on either or both properties. "Rumor has it they are reducing staff to cut costs" Obviously. I would expect them to do that as there is no point at all in doing any more technical work on Maracas until some sort of partnership or funding is in place. As many who have been in contact with Largo recently know, the remaining 40% interest is far from off the table. A JV deal to provide acquisition costs for part of that ownership is not an outrageous thought..... Who knows what Vale/ODB want for that 40% now. Maybe its still $5MM. Maybe its $10MM. Time will tell. Sell 20% of Maracas for $10 Million to pick up that remaining 40%? Deals are happening, I don't think its unimaginable that LGO could make a deal too. Its also not out of the question to see some sort of partnership put together for Northern Dancer. Sure the pie in the sky prices are gone and obviously they are going to have to give up a lot more now that they would have a year ago... but to say this is just a shell is a bit of a stretch. As for the business plan in the corporate presentation, I don't think its at all in shambles. Its been delayed significantly and things have been diluted a fair bit. But as economies improve and lending increases deals will continue to happen. The dilution has bought them time to see that improvement in the world economy. It came at a big price but really it was the only option at the time. Delayed and Diluted Yes. A shell IMO definitely not.....
..
This may signal the return of institutional buyers to position themselves for the expected "turn".
Largo's Updated Mineral Resource Estimate Defines Higher-Grade Zone at Northern Dancer Project, Yukon
3/12/2009 9:38:41 AM - Market Wire
- Tonnage of new Measured and Indicated mineral resource estimate has increased by 58%
- Contained pounds of Tungsten (WO3) and Molybdenum (Mo) in the new Measured and Indicated mineral resource estimate have increased by 56.5% and 76% respectively
- The grade of Tungsten (WO3) and Molybdenum (Mo) in the higher-grade zone has increased by 35% and 70% respectively over the total deposit grade
- Combined improvement in grade and understanding of factors affecting recovery and mineralogy encourages Largo regarding future economic viability of the project
TORONTO, ONTARIO, Mar 12, 2009 (Marketwire via COMTEX News Network) --
Largo Resources Ltd. (TSX VENTURE:LGO) has completed a new block model and updated mineral resource estimate incorporating the results from its 2008 drill program consisting of 38 holes totalling 11,509 metres, the results from the 2007 and 2006 drill programs completed by Largo and historical drilling results for the Northern Dancer deposit, which is located in the south-central region of the Yukon Territory in north-western Canada.
The updated mineral resource for the deposit at a cut-off grade of 0.06 % WO3 is estimated as Measured mineral resources of 30.8 million tonnes grading 0.114% WO3 and 0.030% Mo, Indicated mineral resources of 192.6 million tonnes grading 0.100% WO3 and 0.029% Mo. The Measured and Indicated mineral resource estimate contains 500.1 million pounds of WO3 (226.9 k tonnes) and 143.8 million pounds of Mo (65.2 k tonnes). Inferred mineral resources were estimated to be 201.2 million tonnes grading 0.089% WO3 and 0.024% Mo containing 393.1 million pounds of WO3 (178.3 k tonnes) and 107.7 million pounds of Mo (48.9 k tonnes).
The grade of WO3 and Molybdenum has increased by 14% and 15% respectively in the new Measured mineral resource estimate compared to the previous Indicated mineral resource estimate (see press release April 9, 2008). The tonnage of the new Measured and Indicated category has increased by 58% compared to the previous Indicated mineral resource estimate (see press release April 9, 2008). While the contained pounds of WO3 and Molybdenum have increased by 56.5% and 76% respectively.
Most importantly, the 2008 drilling program provided much better definition of the higher-grade zone which is estimated to contain a Measured and Indicated resource of 60.3 million tonnes grading 0.137% WO3 and 0.045% Mo (WO3 equiv 0.215%) and Inferred mineral resource of 5.4 million tonnes grading 0.134% WO3 and 0.047 % Mo (WO3 equiv 0.214%) at a 0.17% WO3 equivalent cut-off grade. These estimates represent grade increases of 35% and 70% over the overall deposit grade for both WO3 and Molybdenum respectively.
The drilling indicates that the higher grade zone averages 50 metres in width, extends along strike for approximately 1,200 metres and extends from surface to an average depth of 350 vertical metres. This higher grade zone is consistently mineralized over the full extent drilled to date and is open along strike to the southwest and at depth. Soil geochemical work indicates that the mineralized system likely extends for at least a further 400 metres along strike.
Andy Campbell, Vice-President, Exploration of Largo, stated: "Significant changes have resulted from the 2008 drill program which was very successful at upgrading the resource and confirming the significant high grade zone from the previous estimate reported on April 9, 2008. One of the most obvious changes is the substantial increase in the grade of molybdenum throughout the deposit from a modest 15% increase to as much as a 70% increase depending on the category and higher-grade zone. Northern Dancer is primarily a tungsten deposit, however, molybdenum is a significant contributor to the deposit and needs to be included and Largo believes that it is preferable to refer to the grade as a tungsten equivalent. The other significant area of change was the 59% increase in the Measured and Indicated tonnage from that previously reported in April 8, 2009. The deposit now has a substantial Measured and Indicated resource that includes the higher-grade zone which could support a pre-feasibility study."
Mineral Resources are presented in Table 1 below for the overall deposit for each resource category, as well as for the higher grade tungsten and molybdenum zone, which are included within the overall resource. The cut-off grade was determined based on comparison to similar deposit types that are being mined or planned to be mined by open pit methods, but has not been confirmed by appropriate economic studies.
Table 1: Mineral Resources in the Northern Dancer Deposit, as at March 1, 2009(i), based on 0.06 % WO3 cut off grade. WO3 Mo WO3 Mo Million % % Tonnes Tonnes Million Million Category Tonnes WO3 Mo ((i)000) ((i)000) lbs. lbs. Measured 30.8 0.114 0.030 35.1 9.1 77.3 20.1 Indicated 192.6 0.100 0.029 191.8 56.1 422.8 123.7 Measured & Indicated 223.4 0.107 0.029 226.8 65.3 500.1 143.9 Inferred 201.2 0.089 0.024 178.3 48.9 393.1 107.7 Table 2: Mineral Resources in the Northern Dancer Deposit (Higher grade shell(ii)) as at March 1, 2009(i), based on 0.17% WO3 equiv cut-off grade(iii). % WO3 Mo WO3 Mo Million % % WO3 Tonnes Tonnes Million Million Category Tonnes WO3 Mo Equiv ((i)000) ((i)000) lbs. lbs. Measured & Indicated 60.3 0.137 0.045 0.215 82.8 45.1 182.6 59.6 Inferred 5.4 0.134 0.047 0.214 7.2 4.2 15.8 5.5 Notes: (i) The above resource classifications conform to CIM Standards on Mineral Resources and Reserves referred to in National Instrument 43-101. Although 0.06% WO3 is considered a likely cut-off grade for this deposit, based on comparisons with other similar deposit types, it has not been confirmed by the appropriate economic studies. Totals may not add up exactly due to rounding. (ii) Higher grade shell includes high grade Mo and WO3 zone and is seated within the overall Mineral Resource. (iii) The WO3equiv cut-off grade calculated was based on Mo Price at 12 $ /LB; WO3 price at 9.07 $ /LB; 80 % Mo recovery and 65% WO3 recovery with this formula: WO3equiv equals WO3 % + 1.736 x Mo %.
The Northern Dancer deposit is one of the world's largest known tungsten-molybdenum porphyry systems. The mineralization is hosted in fractures, veinlets and veins associated with a northeast-trending sheeted vein structure hosted in calc-silicate (skarn) rocks and spatially related to a felsic intrusion (quartz-feldspar porphyry). The deposit, which has been tested by drilling for 1.2 kilometres along strike, 500 metres vertically and 600 metres in width, remains open along strike to both the northeast and southwest as well as at depth.
At Northern Dancer, tungsten and molybdenum mineralization are concentrated in two zones which partially overlap. In the core of the deposit, there is a higher grade molybdenum zone where molybdenite occurs within and adjacent to the felsic intrusion. Surrounding and partially overlapping the molybdenum zone is a much more extensive tungsten zone where scheelite occurs in northeast-trending sheeted quartz veins structures.
The Mineral Resource estimate was generated using lithological, mineralogical, Mo and WO3 assay data from 121 drill holes totalling 33,700 m of drilling. The deposit was modeled into several estimation domains using the Gemcom mining software. Cap cut only applied for Mo at 0.7 % for the skarn domain and WO3 at 0.106 in monzonite based on a statistical analysis. Samples were composited over 5 m intervals. Mo and WO3 grades were interpolated into estimation domains using Ordinary Kriging.
The Mineral Resource estimate has been prepared by Largo Resources, and reviewed and validated by Dr. Warwick S. Board, MAusIMM, Pr.Sci.Nat., Senior Consultant with Snowden Mining Industry Consultants Inc. ("Snowden"). Dr. Board, a qualified person as defined under National Instrument 43-101, visited the site from July 5 to 7, 2008 and prepared the previous resource estimate. Dr Board has verified the scientific and technical information contained in this news release.
Assaying for the 2008 drill program was carried out by Acme Analytical Laboratories Ltd., an ISO 9000:2000 certified laboratory in Vancouver, British Columbia. The samples are crushed to 70% passing 10 mesh, split to 250 g and pulverized to 95% passing 150 mesh. A 5 g split is analyzed for Mo and W using a phosphoric acid leach followed by ICP-emission spectrometry. A second 5 g split is analyzed for 36 elements by ICP-mass spectrometry using a hot (95 degrees C) aqua regia leach. Routine check assays are performed on sample rejects by SGS. Mr. Andy Campbell, P.Geo. is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the program.
As a result of the encouraging results of the mineral resource update, Largo is currently defining a further programme of engineering investigation with the objective of designing an economically viable project. The major steps in this process are expected to include :
- Undertaking pit optimization and initial mine planning based on the new mineral resource with the associated higher grades
- Identifying higher grade zones that will form the "key" material to be milled in the first few years of the mine operation so as to enhance the project economics
- Conducting metallurgical testwork on composite samples representing this "key" material with a view to optimising recovery as a function of grind size, mineralogy and other factors
- Build on the metallurgical testwork carried out to date to define the recovery and grade of the tungsten and molybdenum concentrates to be produced.
Currently, Largo anticipates that the tungsten concentrates will be produced through a combination of gravity and flotation techniques, and the molybdenum concentrate by flotation. This will be done after an initial stage of pre-concentration using optical sorting employing fluorescent light and/or ultra violet light.
Overall, the testwork will be targeted to develop a practical process flowsheet to the standards demanded by a preliminary feasibility study. Testwork will further produce metallurgical and other data that will be required for engineering design and financial analyses.
Mark Brennan, President of Largo, stated, "The combination of improved grades and the enhancement of our existing understanding of the factors affecting recovery and mineralogy of the deposit encourages Largo management regarding the future economic viability of the project."
About Largo
Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.
For more information please refer to Largo's website: www.largoresources.com.
Disclaimer
This press release contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Largo's development potential and timetable of the Northern Dancer project; the Largo's ability to raise additional funds necessary; the future price of tungsten and molybdenum ; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of future activities; success of exploration activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding mineral resources are based on extensive analysis regarding exploration information obtained for diverse sources, including drill results; such analysis being conducted by company geologists and verified by third party consultants. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Largo to be materially different from those expressed or implied by such forward-looking statements. Although management of the Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
SOURCE: Largo Resources Ltd.
Largo Resources Ltd. Mark Brennan President & CEO (416) 861-5886 Email: mbrennan@largoresources.com Website: www.largoresources.com
Copyright (C) 2009 Marketwire. All rights reserved.
Man sollte vllt mal bedenken welchen Gegenwert Largo im Boden besitzt!!
Moly-Ressourcen im Größenmaß (mit geschätzten Ressourcen) wie Thompson Creek Metals + Vanadium Projekt + Wolfram Projekt!!
Thompson Creek Metals ist momentan mit ca 350Mio€ bewertet Largo hingegen nur mit ca 10Mio€.
... und Largo wurde noch nicht von BBs wie MF dummgepusht.
Largo ist schon seit November 2008 in einem Musterdepot eines Börsenbriefs. Genau genommen seit 14.11.08 zu 0,08 CAD (kanadische Dollar).
Die Ausgabe hier lag am Wochenende auf der Invest in Stuttgart aus.
Auf Seite 9 ist auch ein Artikel zu Largo http://www.stockreport.de/pdf/...print_INVEST_Stuttgart_April2009.pdf
Hier ein Screenshot des angesprochenen Musterdepots:
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Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
26 | 1.147 | Largo Resources Kursrakete | Ohio | 4Gold | 21.07.21 22:39 | |
74 | 2012 Timeline Rohstoffrennen Teil2 | BioLogic | Duskyshark | 25.04.21 01:19 | ||
2 | 4 | Largo - Verdopplung bis Ende August möglich ? | plusquamperfekt | plusquamperfekt | 02.05.11 17:46 | |
6 | 21 | BLUTBAD bei LARGO... Frick / RSR | Wernerherzog | Moore | 03.05.07 14:32 | |
67 | @ohio - rischtisch!! | taisir | Ohio | 27.04.07 16:53 |