Introduction
At first glance, Largo Resources (LGORF) looks extremely undervalued as earnings hit C$108 million in Q4 2018. The market capitalization stands at $839 million; the company plans to soon be debt-free, and vanadium is being called the new super-metal.
However, I don’t think the high price of vanadium is likely to last for long, and most investors are oblivious to the existence of a Kazakh mining company which is looking to shake up the market to its core, just like Kazatomprom did with the uranium space.
An overview of Largo Resources
The company