RE:Very Rough Sherritt Cash Flows Annualized (Update)1) Deduct 15$ Mill from your annualized CF related to tailings as per your future post.
2) Shouldn't you deduct your debt (less current cash holdings) from your equity value? Are you assuming theyr are just going to refinance their debt in 2020? With such a short reserve life remaining during this renewal, I think that may be a stretch?