Hi Josepsh K,

Its a while since you posted this and, I'm sorry to say(kinda)that you didnt remember quite right.

If this Vanadium deposit in Brazil was all they held they would be trading at about a 90% discount to their NAV. But their REAL PRIZE asset is the one in Canada. True, they probably won't be ready to build the mine for three years, but this mid grade titanium/molydenum deposit is WORLD CLASS. The largest undeveloped deposit of it's kind in the world. $2.5 BILLION worth of metal in the ground

Now, my numbers may be off a bit as I'm going from memory

The numbers are more like $12B worth of Tungsten in ND, $6B worth of moly, and $14B worth of Vanadium at Maracas.

Total of $32B! Divided by 180M Fd shares = 175$/share metal in the ground.

Once upon a time before the apocolypse, a resource comany with solid mgmnt, acces to power, roads, stable gov, feas study etc could hope to trade at 10% to NAV on a really good day. That would put Largo at $17.50/share.

So...factor in the credit crisis where funding is hard to come by and therefore more expensive and the fact that the world hates juniors and you cut that valuation in half again and you still get $8.75/share.

Additional ND holes will further increase the size of that resource(as the last batch did - not included in valuation above). PGM drilling in the other 3 zones of Maracas will likely expand the value of that resource. Addtitionally, the ND scoping study is due quite soon. More value.

This is probably the best risk/reward investment I have ever seen at this price.

ps- we need a new title line