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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 Ernieandberton Jun 05, 2022 3:52pm
237 Views
Post# 34732676

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$60 mil debt retired for $45 mil cost no extension

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$60 mil debt retired for $45 mil cost no extension Right on ev/ebitda and under 1x for 2023.   And where has S been trading historically?   Try 4-6x.  And today, S has never had such a strong b/s and ni prices as a huge tailwind.   At a min it should be trading today at 2.5x.  When they allow the cash flow to be upstreamed and on S's b/s (likely in fall) this Uber cheap valuation will drag in buyers who won't be able to ignore the strong FCF.  I think it will sho very large pops in the SP because it will continue to be illiquid.   I predict it will trade over $2.50 by YE22 and then closer to $10 by YE23....replicate what Canadian oil and gas stocks have done with a commodity tailwind.  
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