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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Bullboard Posts
Comment by FederalReserveon Apr 05, 2018 1:22pm
57 Views
Post# 27837137

RE:FRS don't have the edition for mining, sorry I wish

RE:FRS don't have the edition for mining, sorry I wishI see its up 10cents...doing some math isn't that $5mil USD on annualized basis of free money in the bank??? Wish the stock would go up a dime a day.....did some more number recently, I hope "contrarian333 and yourfriendo will comment on my findings... Anyways if Sherritt were to be able to bring 2019 oil production rates back to 14k barrels per day it would be a solid investment if they can pump at $10barrel or less. I think in 2017 they did it under $9....I'm looking at Bellatrix expl , I like them, they also have $700+ debt but are pumping 36500barrels a day with alot of cheap gas. But bills are getting paid, its a gamble but so us Sherritt !!! Its a shame our oil biz went down the toilet, it provided really good cash flows, its to bad they ran dry and couldn't exploit Block's 8-10, we burnt alot of money there, it was in my opinion very high risk/reward scenario but we failed and i don't think its in our budget or risk appetite to dump more money there, money that we can't afford to gamble, any valid opinions??? Anyways I figured cuban medium, sour grade will fetch $40barrel today minus $10costs equals $30netbacks X 14kbarrelsX 365 days = $153mil gross cash flows minus $45mil further block 9/10 obligations = $108cash -50percent for future exploration capex and growth initiave = $54mil cash in our hands, give Cuba their half and we created $27mil net pure cash with exploration budget paid for and the block 9/10 gamble fully paid....400mil shares out standing divide by $27mil net cash flows =almost 7cent per share cash flows X 5xcash flow per share (avg tsx standard evaluation for junior oil)= 35cents valuation alone for oil biz.....not bad even with the share dilution. .....plus we would have following year capex paid for And block 9/10 paid for......half our intrest expense would of. When funded through oil biz. In my opinion it would of been excellent buy and it may of averted the great big dilution !!! $40oil by the way was being conservative, some upside potential to those numbers as well.....these guys should focus on oil a bit more, there's good potential these. Our asset base needs to expand allot larger then present!!!
Bullboard Posts