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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 through hydrometallurgical processes. 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. 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 Company’s 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

Comment by rkhoslaon Nov 24, 2020 10:48pm
190 Views
Post# 31967314

RE:Over 1,25$ ?

RE:Over 1,25$ ?It certainly could and higher.  BUT when I look at the chart, I see $0.80 as our next major challenge - I think we get there in 12-18 months.  It is absolutely possible we have a spike in Class 1 Ni prices - so many mines have been taken off-line and vs ore from southeast asia and nickel pig iron for stainless steel, Class 1 is a premium product used by the battery industry.  It is possible we have a spike up into the teens - the futures curve is pretty flat right now but as more and more car makers see the writing on the wall (ie gm's announcement yesterday to ditch its opposition to california's right to set fuel efficiency standards).  Imagine Class 1 spiking up to $14 (double where it is today) and let's say averaging $12 for 12 months.  At $50 million more in pocket per $1 nickel rise, that's $350 million in windfall revenue before prices settle to something more realistic long term and more mines come on line.  That's basically enough to pay all our debt off.  So thinks can change quickly and we are highly highly 'torqued'.  I for one also haven't given up on the receivables - a friendly Cuba policy (this will take time) could turn their foreign reserve situation around quickly.  SO in 2-4 years I see no reason we aren't a $2.50 per share company (that's a measly market cap of $1 billion) BUT this isn't necessarily my target - this is if all aligns.  For those who believe, we could be in for a tripling and then a tripling again.  
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