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 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.

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Sherritt International Corp > Here ya go Collins et al!

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Comment by YourFriendoon Feb 23, 2021 10:33am

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Post# 32636277

RE:RE:RE:Here ya go Collins et al!

2016 = 16,464? Maybe my notes are wrong.

Most importantly, mixed sulphide production has been trending down. Nickel production can be offset by third party fee (whcih provides marginal cash flows).

3 yr average in 2014 = 18,473

3 yr average in 2020 = 17,334

I agree one can put whatever numbers they want. I think what the model shows is that Sherritt needs a very large margin to satisfy: 1) Capex 2) Corporate Costs 3) Interest. They need an even larger margin to actually pay off their debt. They need an EVEN larger number to return cash to shareholders.

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