Just to clarify I wasn't going to do this but after days of reading your posts I just couldn't help myself. I do see potential for upside, maybe even beyond the May 2022 highs and that's why I recently pulled the pin again. But just to be clear, Sherritt is not at the forefront of anything. That statement is a real stretch. Output is not comparable to other senior globally integrated miners that produce clean nickel in the western world.
To start with, none of thier refined products can currently enter U.S. supply chains. Does that then mean no Sherrit Nickel in Windsor, Loyalist Township (Kingston), Lordstown Ohio, Michigan, Tennesse, Becanour Quebec, Texas/Nevada, etc, etc? Secondly, not all clean nickel is the same. It looks like carbonyl nickel powder from Sudbury is ideal. Clean nickel products from Long Harbor maybe not so much. Why else would Vale need to build a sulfate refinery at Becanour Quebec to provide a suitable product otherwise.
There was never going to be enough clean nickel coming out of Class 1 refineries in the western world to meet the demand of a brand new sector. The solution was and is an enourmous amount of capital flowing into altering process flows in Indonesia to produce a mixed hydroxide precipitate.
Are the senior integrated miners in Canada going to turn on the taps, sure. Could there be a new floor price for clean nickel, quite possibly because there may not be enough Proven and Probable Reserves to turn on the taps at $6 nickel. Will Sherritt benifit and are they on their way to finally putting the Madagascar fiasco behind them? I hope so.
Also, LGChem/En deals with the junior lithium miners in central Canada is embarrassing at this stage. None of them have any mineral Reserves and none of them have demonstrated viability to the prescribed standard. I won't even get into the size, grade and technical to chemical grade mix. Some upside, maybe. Note that no deal has been signed yet with the most promising spodume deposit in NW Ont.
Also, all these posts about sanctions. Sanctions or not, will Russian nickel continue to report to Germany and France through Rotterdam? Also, is Class 1 nickel from Finland Russian or Finish Nickel?