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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

Post by rkhoslaon Feb 25, 2021 2:37pm
172 Views
Post# 32660035

Silver linings...

Silver linings... we are actually doing quite well given the state of the market today.  NV man it's not just sentiment though.  Sentiment (avoiding bankruptcy, 50% debt reduction, green revolution etc) is half of it and on their own should have brought us back up to $.80.  The other half of the story is that Ni is 100% higher than its 52 week low (10k vs 20k per ton) and likewise Co has doubled.  So there are some fundamentals at play here too obviously.  Above  break even if let's say $6.50/lb we have min $80 mil in fcf with nickel at $8.50 amd another $40mil from the almost $10/lb rise in Co.  So we have $120mil in additional fcf, half the debt, friendly US admin, EV revolution, inflation/stimulus.  So if I was to assign a value to this company it would have to be truthfully closer to $2 at the moment.  So we be patient and wait for confidence in longer term Ni / Co price and a few quarters of financials to soak up some of our hangovers like differed costs and maintenance.... in the interim Ni goes to $9.50 And higher  and we keep rising on trailing indicators whereas stocks like tesla rise on dreams and leading indicators and sentiment....
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