Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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

Sherritt International Corp > Reference Prices for the 4th Q

<< Previous

Bullboard Posts

Next >>

Comment by autofocus111on Jan 21, 2023 1:11pm

117 Views

Post# 35237467

RE:RE:RE:RE:Reference Prices for the 4th Q

Frozen... It's the inventory silly! Just ask Verificate. Moa JV 2022 $450M inventory vs $300M 2021. Excess over 2021 level is ~150M. Sell that excess and Sherritt's 50% stake amounts to ~$75M. No cost of sales as ithat's already built into the inventory value isn't it? Not even close to enough to fill the 160->400M gap though. Maybe E&B is counting on a miracle and they sell off the entire $450M, or Ni/Co prices triple and that 150M excess is suddenly worth 450M? I dunno I just don't see it. Maybe I have to go out and buy a set of rose-coloured glasses.

<< Previous

Bullboard Posts

Next >>

Ivanhoe Mines initiates Phase 3 concentrator construction