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 > Value investor club spring write up

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Comment by Albatrosson Dec 21, 2022 3:32pm

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Post# 35185522

RE:RE:RE:RE:RE:RE:RE:Value investor club spring write up

Just because in general interest rates have been going up doesn't make Sherritt's debt any less expensive. It just highlights the importance of reducing debt burden.

Once Sherritt has paid off its debt it should first look at share buybacks if share price remains below $3.00/share . Then it should look at distributions to shareholders. Long term (20 years) it should be looking into developing a nickel mine closer to home and a refinery upgrade (likely required anyways to take new feedstock)

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